Introduction
Many founders mistakenly assume filing their federal IRS return covers all business compliance. In Wyoming, that’s only half the story. Every Wyoming LLC or corporation must also file an Annual Report and License Tax—completely separate from their IRS obligations. This blog explains the key differences, dual deadlines, and what you need to file in 2025.
Relevant IRC Codes & Definitions
The Internal Revenue Code (IRC) governs federal filing obligations:
- IRC §6031 – Partnerships and multi-member LLCs must file IRS Form 1065.
- IRC §6012 – Corporations must file IRS Form 1120 or 1120-S.
- IRC §162 – Allows deduction of state license taxes as ordinary business expenses.
Wyoming’s Annual Report License Tax, however, is governed by state law and is required even for LLCs with no revenue.
IRS & State Form References
Federal Filings:
- Form 1065 – U.S. Return of Partnership Income
- Form 1120 / 1120-S – For C Corporations and S Corporations
- Federal Deadline:
- March 15, 2025 (S Corps / Partnerships)
- April 15, 2025 (C Corps)
Wyoming Filing:
- Annual Report + License Tax
- Due: June 30, 2025
- Based on Wyoming-based asset value
- $60 minimum tax
Real-World Example: Dual Compliance for a SaaS LLC
Scenario:
LogicLayer LLC is a Wyoming-based SaaS company taxed as an S Corporation.
- Filed Form 1120-S with the IRS on March 14, 2025
- Forgot to file the Wyoming Annual Report by June 30
- Result: Business status marked as “Delinquent”, risking dissolution
Even if you comply with all federal deadlines, missing the state filing leads to penalties, late fees, and public record issues in Wyoming.
Step-by-Step Filing Timeline for 2025
| Filing | Deadline | Action Required |
|---|---|---|
| IRS Form 1065/1120/1120-S | Mar 15 / Apr 15, 2025 | File based on entity type |
| Wyoming Annual Report | June 30, 2025 | File report and pay license tax ($60 min) |
Tips:
- Use a compliance calendar with both federal and state obligations
- File IRS returns early to focus on state filings afterward
- Keep all confirmations in your tax file archive
Conclusion
Filing your IRS return doesn’t cover your Wyoming compliance. These are separate obligations with different deadlines, forms, and consequences. Treat them as a dual checklist, and you’ll avoid late fees, suspension, or dissolution notices.
Call to Action
Not sure if you’re compliant with both IRS and Wyoming deadlines?
Anshul Goyal, CPA EA FCA, is a licensed Certified Public Accountant in the U.S., admitted to practice before the IRS as an Enrolled Agent. He specializes in helping U.S. and Indian entrepreneurs with cross-border IRS and state compliance.
👉 Schedule your call now with Anshul Goyal, CPA. We’ll walk through your federal and state filing needs—no stress, no penalties.
Disclaimer:
This blog is provided for informational and educational purposes only. It is not intended as a substitute for personalized legal, tax, or financial advice. The content herein does not establish a client-accountant relationship and should not be relied upon to make business, tax, or legal decisions without consulting a qualified professional.
FAQs (Top 5 High-Searched)
Q1. Do I need to file a Wyoming report if I already filed with the IRS?
A1. Yes. The Wyoming Annual Report is a separate state obligation.
Q2. Can I file both on the same platform?
A2. No. IRS filings go to the federal government, Wyoming filings go to the state.
Q3. What if I only filed the IRS return?
A3. Your LLC could be marked delinquent in Wyoming.
Q4. When are the deadlines in 2025?
A4. IRS: March/April; Wyoming: June 30.
Q5. Can these filings be deducted as expenses?
A5. Yes, under IRC §162, both filing costs and license taxes may be deductible.
About Our CPA
Anshul Goyal, CPA EA FCA, is a U.S. Certified Public Accountant, Enrolled Agent before the IRS, and a Chartered Accountant in India. With 15+ years of experience and over 2,000 clients served, he specializes in tax filings for U.S. startups, SaaS businesses, and cross-border entities. His firm helps founders stay compliant—federally and locally.