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Just formed a single member LLC in California, just want to
Just formed a single member LLC in California, just want to verify if I have to pay the $800 Annual California Franchise Tax Due if my revenue was <$250k? … read more
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I live in Los Angeles and I want to create a purely online
I live in Los Angeles and I want to create a purely online business where I sell t-shirts, mugs, tote bags and other similar items with messages on peace, love and abundance. I only have one business … read more
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California c corp vs Texas s corp. How much will be the tax
California c corp vs Texas s corp. How much will be the tax difference. Owners will be with respective state only.. Calif c corp owner resides in California. Texas s Corp resides in texas only. Exampl… read more
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R. Klein, EA
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I created a C-corp and funded it with qualified retirement
I created a C-corp and funded it with qualified retirement assets in order to buy a business. Went through proper channels and completed a few months back. I ended up purchasing an insurance agency. T… read more
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California Corporation was opened on 11/14/2014. When we
California Corporation was opened on 11/14/2014. When we prepare their tax return , should they pay $800 prepayment to Franchise Tax Board? We know they are excused 1st year, but shouldn't they pay $8… read more
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I incorporated a Delaware Corporation that was filed with the
I incorporated a Delaware Corporation that was filed with the state Dec. 8th 2014. I applied for an EIN and put Dec as the Fiscal Year End. After some research I've concluded I'd like to change it to … read more
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Franchise tax Board send us a letter that 1120 was not filed
Franchise tax Board send us a letter that 1120 was not filed it was the first year the c corp was formed . The tax preparer did not enter the 1120 but entered the info on the personal and busines port… read more
Lev
Lev
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In California, if you file for a new corporation or a new llc,
In California, if you file for a new corporation or a new llc, and you put the start date of the corporation down as being jan 1st, 2014, I would assume that they will file it right away. will the $80… read more
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California LLC fee question. Specifically about calculating
California LLC fee question. Specifically about calculating cost of goods sold and gross income and any potential deductions or exclusions available. I am a single member LLC in California and a small… read more
taxmanrog
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Dear Tax Professional,If a LLC elected as S-Corp tax treatment
Dear Tax Professional, If a LLC elected as S-Corp tax treatment by filing 2553, for federal, I understand I could file 1120-S for the LLC. However, for California, should I file form 100-S or I still … read more
R. Klein, EA
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I registered a single-member LLC (operated as sole proprietorship)
I registered a single-member LLC (operated as sole proprietorship) in Oregon, in January 2013, and expect no income or expenses in 2013. I have been a resident of CA for all of 2012 and 2013. Do I owe… read more
Robin D.
Robin D.
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Hi, Just would like to make sure, for California C-Corporation
Hi, Just would like to make sure, for California C-Corporation that just established, is it necessary to pay for franchise tax fee for first year, or it could be exempt like S-Corp? Please advise, tha… read more
Robin D.
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If I have a Wyoming company, but 2 clients are in CA. By the
If I have a Wyoming company, but 2 clients are in CA. By the fact of having the clients pay, is tax now due in CA? If a Wyoming company pays instead of the CA company, I assume that would not fall und… read more
jgordosea
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Id like to ask questions specific to California, is there
I'd like to ask questions specific to California, is there agents available who work daily in California?… read more
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If I incorporated my California S-corp in August 2008 and dont
If I incorporated my California S-corp in August 2008 and dont have a profit as of now. I filed my state and federal taxes on $0 for 2009. I have heard that I can defer the $800 minimum state tax unti… read more
Lev
Lev
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Do I have to file a Federal Return and pay state tax
I have a LLC and made no money this year. I'm still working on getting the business up and running. Since I made no revenue do I have to file a Federal Return and I was told that the state of Californ… read more
Lev
Lev
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Good Day, I have just formed a LLC (Oct. 14, 2008) and am
Good Day, I have just formed a LLC (Oct. 14, 2008) and am required to pay the LLC flat tax (CA) of $800.00 within four months of LLC formation (Jan. 15, 09) for remaining tax year 08. I then have to p… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,490 satisfied customers
we established a business as LLC in end of last year. But ...
we established a business as LLC in end of last year. But we decide to close this business today. Do we still have to pay for LLC tax $800 by February 15th?… read more
jgordosea
jgordosea
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