Missing the due date because it is the FIRST day of your registration month, not the last. Wyoming is unusual here: most anniversary-month states give you until the end of the month, but Wyo. Stat. § 17-16-1630(a) requires both the filing and the license tax payment "on or before the first day of the month of registration." If you registered in June, your report and payment are due June 1, not June 30. The second point is that the license tax is based only on Wyoming-located capital, property and assets — so a Wyoming entity whose operations and assets are elsewhere generally pays the $60 floor, and there is no need to report worldwide assets.
No personal income tax
S-corp election in Wyoming
In short
No income tax. An annual report license tax applies: the greater of $60 or $0.0002 per dollar of Wyoming-located capital, property and assets, due on the first day of the entity's registration month.
Does Wyoming recognize the federal S election?
Wyoming has no personal income tax and no corporate income tax, so there is nothing for Wyoming to "recognize" — your federal S election has no Wyoming income-tax consequence and there is no Wyoming S election. Your recurring Wyoming obligation is the annual report and its license tax, which is a small asset-based tax, plus unemployment insurance and workers' compensation if you have employees.
Tax the entity still owes
NOW CONFIRMED FROM STATUTE. Wyo. Stat. § 17-16-1630(a), from the Wyoming Legislature's official Title 17 statutes: "Every corporation organized under the laws of this state and every foreign corporation which obtains the right to transact and carry on business within this state (except banks, insurance companies and savings and loan associations) shall file with the secretary of state ON OR BEFORE THE FIRST DAY OF THE MONTH OF REGISTRATION of every year a certification, under the penalty of perjury, by its treasurer or other fiscal agent setting forth its capital, property and assets located and employed in the state of Wyoming. The statement shall give the names and addresses of its officers and directors and the address of its principal office. On or before the first day of the month of registration of every year the corporation shall pay to the secretary of state in addition to all other statutory taxes and fees a license tax based upon the sum of its capital, property and assets reported, of SIXTY DOLLARS ($60.00) or TWO-TENTHS OF ONE MILL ON THE DOLLAR ($.0002), WHICHEVER IS GREATER." The $60 minimum therefore governs until Wyoming-located assets reach $300,000. Under § 17-16-1630(b)(ii) a corporation engaged in the public calling of carrying goods, passengers or information interstate need only report capital, property and assets used in INTRASTATE business in Wyoming; under (b)(iv) the assessed value of any property is its actual value. Under § 17-16-1630(c) the financial information in the annual report must be current as of the end of the corporation's fiscal year immediately preceding the date the annual report is executed. Banks, insurance companies and savings and loan associations are excepted from the section entirely. The asset base is Wyoming-located assets only — assets outside Wyoming are not counted, which is why most out-of-state-operating Wyoming holding companies pay the $60 floor.
Registering for payroll
PARTIALLY VERIFIED. Wyoming has no state income tax withholding, so an S corp paying wages does NOT register for state income tax withholding. The employer registers with the Wyoming Department of Workforce Services, which administers unemployment insurance and workers' compensation together through a combined registration. WORKERS' COMPENSATION IS THE OPEN QUESTION AND IT MATTERS: Wyoming requires coverage for extrahazardous employment and permits certain corporate-officer elections, so whether a sole-shareholder officer of a Wyoming S corp must be covered depends on the industry classification.
Annual filings
Wyoming Secretary of State annual report with license tax — due on or before the first day of the entity's month of registration each year; license tax is the greater of $60 or $0.0002 per dollar of Wyoming-located capital, property and assets, reported on the Appendix 1 annual report worksheet. Unemployment insurance and workers' compensation quarterly wage reports to the Wyoming Department of Workforce Services if the entity has employees. There is NO Wyoming income tax return and no state withholding return.
Pass-through entity tax
Not applicable. Wyoming 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 Wyoming
Filing your federal Form 2553
Businesses operating in Wyoming send Form 2553 to the IRS Ogden service center — fax 855-214-7520. Full address and filing checklist for Wyoming.
Frequently asked questions
Does Wyoming require a separate S-corporation election?
No. Wyoming does not require a separate state election. Wyoming has no personal income tax and no corporate income tax, so there is nothing for Wyoming to "recognize" — your federal S election has no Wyoming income-tax consequence and there is no Wyoming S election.
What tax does an S corporation pay in Wyoming?
No income tax. An annual report license tax applies: the greater of $60 or $0.0002 per dollar of Wyoming-located capital, property and assets, due on the first day of the entity's registration month.
Where do I file Form 2553 from Wyoming?
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 Wyoming?
Missing the due date because it is the FIRST day of your registration month, not the last. Wyoming is unusual here: most anniversary-month states give you until the end of the month, but Wyo. Stat. § 17-16-1630(a) requires both the filing and the license tax payment "on or before the first day of the month of registration." If you registered in June, your report and payment are due June 1, not June 30. The second point is that the license tax is based only on Wyoming-located capital, property and assets — so a Wyoming entity whose operations and assets are elsewhere generally pays the $60 floor, and there is no need to report worldwide assets.
Compare with other states: Alabama, Alaska, Arizona, Arkansas, California, Colorado.
Sources
File your Form 2553 correctly
Scorply completes your federal election and includes a Wyoming guide in your packet, so you know exactly what else you owe here.
Start my Form 2553Researched from official Wyoming 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.