Budgeting only $150 a year for Nevada. The Annual List fee is the smaller half of the bill: a corporation also owes a $500 State Business License renewal at the same time, so the realistic annual floor is $650, and the Annual List fee itself climbs above $150 as soon as the value represented by authorized shares exceeds $75,000 — which happens easily if the formation documents authorized a large number of shares at a stated par value. Check your articles before assuming $150.
No personal income tax
S-corp election in Nevada
In short
No income tax, but a $500 annual State Business License for corporations plus an Annual List fee starting at $150 and scaling with authorized stock; Modified Business Tax on wages and Commerce Tax above $4M gross revenue.
Does Nevada recognize the federal S election?
Nevada has no personal income tax and no corporate income tax, so there is nothing for Nevada to "recognize" — your federal S election has no Nevada income-tax consequence and there is no Nevada S election. What Nevada DOES charge is entity maintenance and payroll-based taxes: a State Business License, an Annual List of Officers and Directors, the Modified Business Tax on wages, and the Commerce Tax on gross revenue above $4,000,000.
Tax the entity still owes
All Secretary of State figures below are now quoted from the Nevada Revised Statutes on the Nevada Legislature's official site, which resolves the prior sourcing gap. STATE BUSINESS LICENSE — NRS 76.100(2)(c): the application "must be accompanied by a fee in the amount of $200, except that if the applicant is a corporation organized pursuant to chapter 78, 78A or 78B of NRS, or a foreign corporation required to file an initial or annual list with the Secretary of State pursuant to chapter 80 of NRS, the application must be accompanied by a fee of $500." NRS 76.130(2) sets the same $500 for RENEWAL by a corporation ($200 for other entities). Under NRS 76.100(1)(a), an entity required to file an initial or annual list must obtain the state business license AT THE TIME of filing that list. ANNUAL LIST — NRS 78.150(2): a corporation must file the annual list "on or before the last day of the month in which the anniversary date of incorporation occurs in each year" (or the anniversary of an alternative due date selected under subsection 12). The list must name the president, secretary and treasurer or equivalents and all directors, with addresses, signed by an officer. ANNUAL LIST FEE — NRS 78.150(4): the INITIAL list fee is $150. The ANNUAL list fee is scaled by the value represented by the total number of shares provided for in the articles: $75,000 or less — $150; over $75,000 and not over $200,000 — $200; over $200,000 and not over $500,000 — $300; over $500,000 and not over $1,000,000 — $400; over $1,000,000 — $400 for the first $1,000,000 plus $275 for each additional $500,000 or fraction thereof; maximum fee $11,125. So $150 is the FLOOR and applies where authorized stock value is $75,000 or less, which covers most small S corps — but a corporation that authorized a large share value at formation pays more. NOTICE: under NRS 78.150(7) the Secretary of State provides a notice of the fee due 90 days before the last day for filing, but failure to receive it does not excuse the penalty. An amended list filed within 60 days of the initial list carries no fee; otherwise a $75 fee applies to file an officer/director resignation not reflected on the list. MODIFIED BUSINESS TAX: 1.17% on taxable wages above a $50,000 quarterly exemption. COMMERCE TAX: applies to Nevada gross revenue exceeding $4,000,000; the 2026 return was due August 14, 2026; the rate varies by NAICS business category and must be looked up per business.
Registering for payroll
An S corp paying wages must register with the Nevada Department of Taxation for the Modified Business Tax and with the Nevada Department of Employment, Training and Rehabilitation (DETR) for unemployment insurance. The Modified Business Tax is filed quarterly at 1.17% on taxable wages exceeding the $50,000 quarterly exemption. Note that an owner-employee's wages count toward the MBT base, so electing S-corp status and paying yourself a salary in Nevada creates an MBT exposure that a sole proprietor does not have — though the $50,000 quarterly ($200,000 annual) exemption absorbs most small payrolls.
Annual filings
Annual List of Officers and Directors, filed with the Nevada Secretary of State on or before the last day of the anniversary month of incorporation, with the fee scaled by authorized stock value ($150 minimum). State Business License renewal, $500 for a corporation, due at the same time as the Annual List. Modified Business Tax returns, quarterly, to the Nevada Department of Taxation. Commerce Tax return, annually, if Nevada gross revenue exceeds $4,000,000 — the 2026 return was due August 14, 2026. No Nevada income tax return of any kind.
Pass-through entity tax
Not applicable. Nevada has no personal or corporate income tax, so there is no state income tax for a pass-through entity tax to work around and no SALT-cap workaround to elect.
The mistake owners make most often in Nevada
Filing your federal Form 2553
Businesses operating in Nevada send Form 2553 to the IRS Ogden service center — fax 855-214-7520. Full address and filing checklist for Nevada.
Frequently asked questions
Does Nevada require a separate S-corporation election?
No. Nevada does not require a separate state election. Nevada has no personal income tax and no corporate income tax, so there is nothing for Nevada to "recognize" — your federal S election has no Nevada income-tax consequence and there is no Nevada S election.
What tax does an S corporation pay in Nevada?
No income tax, but a $500 annual State Business License for corporations plus an Annual List fee starting at $150 and scaling with authorized stock; Modified Business Tax on wages and Commerce Tax above $4M gross revenue.
Where do I file Form 2553 from Nevada?
With the IRS Ogden service center. Fax 855-214-7520, or mail to Department of the Treasury, Internal Revenue Service, Ogden, UT 84201.
What is the most common S-corp mistake in Nevada?
Budgeting only $150 a year for Nevada. The Annual List fee is the smaller half of the bill: a corporation also owes a $500 State Business License renewal at the same time, so the realistic annual floor is $650, and the Annual List fee itself climbs above $150 as soon as the value represented by authorized shares exceeds $75,000 — which happens easily if the formation documents authorized a large number of shares at a stated par value. Check your articles before assuming $150.
Compare with other states: New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota.
Sources
File your Form 2553 correctly
Scorply completes your federal election and includes a Nevada guide in your packet, so you know exactly what else you owe here.
Start my Form 2553Researched from official Nevada sources and verified July 30, 2026. State tax rules change. This is general information, not tax advice — confirm with the state or a CPA before you rely on it.