Taxes and annual filings for a Mississippi rental LLC

The April 15 annual report

Mississippi LLCs file an annual report with the Secretary of State by April 15 each year, and the filing fee is $0. A free filing that is still mandatory is the easiest one in the calendar to miss, because no invoice reminds you.

The report is not a stub. The LLC Act says it must set out the company's name and home state, the registered agent's name and street address, the principal office's address, the names and addresses of managers or at least one member, principal officers, a brief description of the business, and a statement of whether the company has a written operating agreement.

File it through the Secretary of State's online filing system, the same account that filed the formation. If a report comes back incomplete, the Act gives you thirty days after the notice to correct it and still be timely.

April 15Mississippi LLCs file an annual report due by April 15 each year, and the Secretary of State's fee schedule lists the MS LLC Annual Report, form F0108, at a $0 filing fee. — Mississippi Secretary of State fee schedule, retrieved 2026-09-29

The Mississippi LLC Act requires the annual report to carry the agent's name and address, a member's or manager's name, a business description, and whether there is a written operating agreement. — Mississippi Secretary of State, Mississippi Limited Liability Company Act, retrieved 2026-09-29

Sales tax, monthly or quarterly

The sales tax calendar is the busier one, and its frequency is set by how much tax you collect.

The Department of Revenue's rule: every retailer with average liability of $300 or more per month must file monthly, and smaller retailers may file quarterly. Returns are due on or before the 20th day following the end of the reporting period, with the next-working-day rule when the 20th falls on a weekend or holiday.

The taxable base is the gross proceeds of rental agreements, delivery and setup charges included, at the 7% retail rate. The sales tax guide covers registration and the first filing, and the late penalty there is ten percent of the deficiency plus half a percent a month in interest, which is the number that makes the calendar worth keeping.

20th dayThe Department of Revenue requires monthly filing from retailers with average liability of $300 or more per month, allows smaller retailers to file quarterly, and sets returns due by the 20th day. — Mississippi Department of Revenue, retrieved 2026-09-29

7%The Mississippi Department of Revenue states that the total gross proceeds of rental agreements are taxable, and that gross proceeds include installation and delivery charges. — Mississippi Department of Revenue, retrieved 2026-09-29

Self-employment tax on rental profit

Federal self-employment tax runs at 15.3% on net earnings from self-employment of $400 or more, composed of 12.4% for social security and 2.9% for Medicare.

Forming an LLC does not change it. A single-member LLC is disregarded for federal income tax, so the business's net profit reaches your personal return, and Schedule SE attaches to it.

The base matters more than the rate here. Net earnings are what remains after the ordinary costs of the rental business: the units, the repairs, the insurance, the delivery miles, the advertising. The invoice file is what turns gross bookings into net earnings, which is why the equipment guide keeps pushing purchase records.

15.3%The IRS states the self-employment tax rate is 15.3 percent, composed of 12.4 percent for social security and 2.9 percent for Medicare. — Internal Revenue Service, retrieved 2026-09-29

Mississippi income tax on the pass-through

Mississippi taxes the LLC's profit on your personal return, and the rate is moving, which makes the current schedule worth reading rather than remembering.

The Department of Revenue's Form 80-100 instructions show the structure: no tax on taxable income up to and including $10,000, and the excess taxed at 4.7% for tax year 2024, 4.4% for 2025, and 4% for 2026. The Department's own income tax FAQ states the same first-$10,000 exemption structure.

Beyond 2026, the legislature has set the direction. The Build Up Mississippi Act, House Bill 1 of 2025, signed March 27, 2025, phases the individual income tax rate down to 3% by calendar year 2030 and then continues toward elimination. A five-year equipment and pricing plan can assume the state line trending down, not up.

4%The Department of Revenue's Form 80-100 instructions show the excess of $10,000 of taxable income taxed at 4.7% in 2024, 4.4% in 2025, and 4% in 2026. — Mississippi Department of Revenue, Form 80-100 instructions, retrieved 2026-09-29

$10,000 exemptThe Mississippi Department of Revenue's individual income tax FAQ states that the first $10,000 of taxable income is exempt and the remaining taxable income is taxed at the published flat rate. — Mississippi Department of Revenue, retrieved 2026-09-29

3% by 2030Governor Tate Reeves's office announced the Build Up Mississippi Act, House Bill 1 of 2025, reduces the individual income tax to 3% by calendar year 2030 and then toward elimination. — Office of Governor Tate Reeves, retrieved 2026-09-29

Estimated payments, four dates a year

Rental income arrives in spikes, spring and fall, and the IRS expects its share in four payments rather than one.

The rule for individuals and pass-through owners: estimated payments are generally required if you expect to owe $1,000 or more in tax when the return is filed. The year is divided into four payment periods, each with its own due date, and a payment is dated by its postmark.

The safe harbors are what most operators use. The IRS states most taxpayers avoid the underpayment penalty by owing under $1,000 after credits, or by paying at least 90% of the current year's tax or 100% of the prior year's, whichever is smaller. Uneven income allows annualized payments, which is the mechanism a seasonal rental calendar is built for.

Move a share of each booking's balance into a tax account the day it lands, and the four dates stop being a crisis. That habit is the whole difference between a spring that funds a fleet and a spring that funds a payment plan.

$1,000The IRS states individuals generally must make estimated tax payments if they expect to owe $1,000 or more when their return is filed, in four payment periods each year. — Internal Revenue Service, retrieved 2026-09-29

If the business goes quiet

A party rental business can go dormant, and Mississippi prices the paperwork around that state honestly.

Dissolving the LLC is a Certificate of Dissolution, form F0103, at a $50 filing fee. If the company is later administratively dissolved for falling behind on filings instead, bringing it back is an LLC Reinstatement, form F0109, also $50 on the fee schedule.

The LLC Act adds a reason not to drift: an administratively dissolved company may not maintain actions in a Mississippi court until it is reinstated. A quiet season with no filings is a liability, not a pause.

The honest close of a first year is a short checklist: annual report by April 15, sales tax by the 20th, four federal dates, one state return. Put the setup guide beside that list and the second year runs itself.

$50The Secretary of State's fee schedule lists the MS LLC Certificate of Dissolution, form F0103, at $50 and the LLC Reinstatement, form F0109, at $50. — Mississippi Secretary of State fee schedule, retrieved 2026-09-29

The Mississippi LLC Act states an administratively dissolved LLC may not maintain any action in a Mississippi court until it is reinstated. — Mississippi Secretary of State, Mississippi Limited Liability Company Act, retrieved 2026-09-29

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