Nevada’s New Commerce Tax Requires Out-of-State Owners to Pay for the Audit

Nevada’s new commerce tax includes an aggressive approach to auditing out-of-state individuals and businesses.  Any person who “may be liable” for the commerce tax and keeps records outside the state will have to pay for the state auditor to audit their records.  (Nevada Senate Bill 483, section 18, part 2)

The “may be liable” wording casts […]

By |May 5th, 2016|Nevada Commerce Tax|0 Comments

Nevada Commerce Tax Catching Many Individuals and Businesses Off-Guard

The Nevada Commerce Tax started accruing July 1, 2015 and has a fiscal year end of June 30, 2016.  All businesses in Nevada must file a commerce tax return and the first return is due 45 days after the fiscal year end or August 15, 2016.

Nevada business owners are frustrated by the new tax accruing […]

By |May 3rd, 2016|Uncategorized|0 Comments

Nevada Commerce Tax Audit

The Nevada Tax Department can audit any person or business who may be liable for the commerce tax.  This includes any person who has to file a schedule C, E, or F on their Federal 1040.  The audit net is very wide and can be used even if the entity is not filing a commerce […]

By |May 1st, 2016|Nevada Commerce Tax|0 Comments

How does the credit for the Modified Business Tax work?

A business that is subject to the commerce tax can take a credit of up to 50% of the tax paid on its modified business tax return.  The credit has to be taken during the first 4 quarters following the payment of the tax.  The modified business tax return can be amended to include the […]

By |May 1st, 2016|Uncategorized|0 Comments

What commerce tax rate do I use if I have several businesses under one license?

The first time the business files a commerce tax the business should use the category where it gets its most revenue from.  If the revenue changes from the initial year the business must get approval from the Nevada Tax Department before changing it on the commerce return.
“If a single business entity has multiple types of […]

By |May 1st, 2016|Uncategorized|0 Comments

Nevada Commerce Tax Rates

The Nevada Commerce Tax rates are based on the North American Industry Classification System.  Nevada businesses already have a NAICS # from registering with the Nevada Secretary of State to receive a business license.  The company reports what business category they fall under on their fist commerce tax filing.  After the first filing the business […]

By |April 30th, 2016|Uncategorized|0 Comments

What is the Nevada Commerce Tax?

The Nevada Commerce Tax is a tax on revenue generated in Nevada.  The tax started accruing on July 1, 2015 and the first tax return is due August 15, 2016 for the previous fiscal year.  The fiscal year is based on Nevada’s fiscal year of June 30th.  The rates for the tax are based on […]

By |April 30th, 2016|Uncategorized|0 Comments

Where can I download the Nevada Commerce Tax Form

The Nevada Tax Department issued a final version of the tax form used for the commerce tax.  You can download the draft copy here Nevada Commerce Tax Return.  Or you can go to the Nevada Department of taxation and download the most current tax form at




By |April 29th, 2016|Uncategorized|0 Comments

Who has to file a Nevada Commerce Tax Return?

Any business or individual engaged in business activities in the State of Nevada has to file a commerce tax form except for a limited number of exceptions listed in Senate Bill 483 section 4(2).  Interesting to note that all individuals who file a schedule C, E, or F also have to file a commerce tax […]

By |April 29th, 2016|Nevada Commerce Tax|0 Comments

Nevada Commerce Tax Fiscal Year End June 30th

The commerce tax taxable year matches Nevada’s state fiscal year end of June 30.  Companies subject to the Nevada Commerce tax will have to calculate their gross Nevada revenue based on a taxable year of July 31 to June 30 the following year.
Sec. 12. “Taxable year” means the 12-month period beginning on July 1 and […]

By |April 29th, 2016|Uncategorized|0 Comments