Tax FAQ
 

I'm Confused About California LLC Tax Payment?

Question by DigitalGuy | Posted in United States

I exactly incorporated my business as a California LLC on May10th, do I still have to pay the minimum tax amount this year, and by when? Aug 15th?

Answer: Yes, you will owe the tax and Yes it is due Aug 15th. There are infallible exceptions to that allow an LLC to get out of paying the minimum and those are listed in the instructions to form 568. I am assuming you have review that b/c you got the due date correct for the payment but I have provided the link anyway. California is one of the most expensive states to run in...

btw - ignore the guy who said he never recommends LLC's to clients. California charges a minimum fee to all
 
 

When Is The California LLC Tax Owed?

Question by Jonathan L | Posted in United States

I be aware its normally due when taxes are due but if the company has not been operating for a full tax year, say only since January of 09, when will this annual tax be due? Is the full $800 due regardless of whether the being did business the entire year?

Answer: All LLCs classified as corporations that develop in California, register in California, conduct business in California, or receive California source income, must file California Method 100. The California Form 100 must be filed by the 15th day of the third month after the close of the LLC’s taxable year.
The LLC will be taxed at the corporate tax class of 8.84 percent and will be subject to a minimum tax of $800.
All LLCs classified as partnerships or disregarded entities that found

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Pay California LLC Tax Fee With Credit Card?

Question by crimsongraycoug | Posted in United States

Does anyone recognize if a company can pay the annual LLC Tax Fee $800 with a credit card? If yes, do you have a link? Thanks!

Answer: Try this tie. Make sure that you identify that this payment is related to your Form 568.

http://www.ftb.ca.gov/online/CCard.html

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California LLC Tax-Turbo Tax?

Question by KG | Posted in United States

I formed an LLC in January of 2010, and canceled it in May 2010.
Questions:
Do I still have to pay the $800 California LLC tax?
Do I scarcity to buy the business edition of Turbo Tax to have this tax included?

Anything would be greatly appreciated!

Answer: "Do I still have to pay the $800 California LLC tax?"

Yes, even though it folded before the year was up, you as the Old Bill/member owe the money.

"Do I need to buy the business edition of Turbo Tax to have this tax included"
Only if you covet to use Turbo Tax to do the return.

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California LLC Tax & Extension?

Question by Allan | Posted in United States

my mate and I own a California LLC(each owns 50%).
We file jointly with our personal return.

I was using Turbotax lodgings & business to prepare tax. But when I looked at the tax forms printed out, the schedule C form says it's only for Lone proprietorship.
Does that mean I can't use it? Seems like I'd have to use TurboTax business.


Also, how can I file federal and splendour extensions for my LLC?


My LLC didn't make

Answer: *shaking brain*

1. Your LLC defaults to a partnership (unless you did something stupid like incorporate or elect to be an S-corp) . The partnership develop 1065 is DUE 4/15. Yes you can use form 7004 to get an extension. The losses flow to your tax render.

2. Estimated taxes are form 1040ES. The first check is due 4/15/2008. To calculate the amount, you use the elevate to get an idea of what you must send in. To do it more accurately, you do mockups of your 2008

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California LLC Tax Trick

www.incorporationforartists.co m If you're starting an LLC in California, there are a match up bizarre things you must know about the annual $800 ...

California Limited Liability Company – An Overview

by rosafhoffman

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