Are you a business owner in Washington, D.C.? Do you own a rental property in the city? We understand that navigating tax requirements can be overwhelming, but we’re here to make it hassle-free for you. Whether you’re looking to file taxes or address a tax-related letter you’ve received, we’ve got you covered!
Two of the most commonly overlooked tax returns are the D-30 and FP-31. Let’s break down the details:
Who Needs to File: If you earn rental income from a property in D.C. with an annual rental income exceeding $12,000, the D-30 is a must. We’ll ensure this form is filed promptly, and you’ll avoid any unnecessary hassles.
What to Expect: Filing the D-30 is straightforward. If your rental property’s gross income surpasses $12,000, you’re required to file this form annually and pay the Unincorporated Business Tax (UBT).
Who Needs to File: The FP-31 isn’t just for traditional businesses. It applies to rental property owners, freelancers, contractors, and 1099-NEC employees as well.
Why File FP-31: The District of Columbia levies a tax on tangible personal property used in trade or business activities. If you own items like furniture, kitchen equipment, office furnishings, servers, computers, or equipment for your business, you may need to file the FP-31.
We understand that tax language can be confusing. Here are some everyday examples that might require you to file the FP-31:
When you choose us, you’ll benefit from our expertise in tax filing and compliance. We make it easy for you to meet your tax obligations by offering the following:
Online Filing
Timely Filings
No Tax Due Threshold
We’re here to assist you with both FP-31 and D-30 filings. Don’t let tax complexities overwhelm you—contact us using the form below, and our team of experts will address your questions and provide the support you need. Simplify your DC business tax filings with us and ensure peace of mind!
Call us today at (866) 681-2140, email us at info@dimovtax.com, or fill out the form and we’ll get in touch immediately.
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