How Difficult is it to file taxes, if I have a Nevada LLC vs a “Home State” LLC?

The tax filing will be the same as if you filed in your home state. You won’t pay any taxes in Nevada because you don’t do business in Nevada.

There’s a myth that if you formed a company in Nevada you don’t have to pay your home state taxes, that is false. There are ways of setting up a holding company that is headquartered in Nevada, to minimize some of those home state tax liabilities, but that gets very complicated and doesn't apply to most.

99% of us, we form an entity in Nevada, we register that entity where we’re doing business and we pay our home state taxes appropriately. There’s nothing extra for your CPA to file in Nevada. You just need to file your home state and federal taxes.

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