Wednesday, October 11, 2023 10:18:27 PM
We don't have an income tax in WA. We do have a sliding scale Excise Tax of about 2% for most people's real estate transactions. I don't know all the ramifications of having a tax paying presence, without being a legal corporate entity allowed to conduct business in WA.
To really dig into it and speculate, I'd have to actually see filings or proof of these occurrences to understand the context. The only reason I can guess you'd need a DOR account without tax collection and without an SOS license, is if there is nothing coming in as a taxable transaction.
Seeing as how the WMILT is closed up shop, I'm inclined to believe that this is all just tidying and wrapping up WMILT, as WMILT is no longer a conduit for returns.
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