What is an Annual Report?
Every year, foreign and domestic businesses are required to file an annual report to keep their UBI active and remain in good standing. The Annual Report is due by the last day of the month in which the business was originally formed. For example, if the business is incorporated on March 4th of this year, its Annual Report is due by March 31st the following year and each year thereafter. Failure to file an Annual Report will result in a delinquent business status and eventually administrative dissolution until the report is filed.
The Internal Revenue Service (IRS) issues an Employer Identification Number (EIN) for filing annual taxes. These taxes are referred to as a “Financial Report” and are often confused with Washington State Annual Report. The Financial Report is filed on the federal level with the IRS. For more information visit: IRS Financial Report available on IRS.gov | Internal Revenue Service
How soon can I file my annual report?
An Annual Report may be filed within 180 days before the expiration date. We encourage customers to use a calendar reminder every year to get their report in well before their expiration to mitigate any risk of delinquency or loss of status/business.
Will filing early change my expiration date for next year?
Filing the Annual Report before the expiration month will not change the expiration date. As long as the business does not fall out of active or delinquent status, the expiration day will always remain the last day of the month it first formed, registered, or incorporated.
My status has changed/I received a notice, but I submitted my Annual Report.
You may receive notifications or status changes during the submission period because our office still needs to review and/or act on your submission. However, submissions provided before expiration are honored, and the status will be changed upon completion. More information on this can be found HERE.