Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

This answer was rated:

I am a single member LLC in CA. when i file form 568, what…

I am a single...

I am a single member LLC in CA. when i file form 568, what do i fill in prinicipal business activity name and principal product or service. My company has a software product/service in cloud

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

What more info u need?

Accountant's Assistant: Is there anything else important you think the Accountant should know?

Dont think so. this is the first page of 568 where next to address i have to fill in these prinicpal business activity name and prinicipal product or sevice (same as federal)

Show More
Show Less
Ask Your Own Tax Question
Answered in 4 minutes by:
3/9/2018
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,184
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Ask Your Own Tax Question

You stated "My company has a software product/service in cloud" so I know it will be in the 540000 section for Professional, Scientific, and Technical Services.

If you do not see it specifically for what you actually do choose 541990 for All Other Professional, Scientific, & Technical Services

Ask Your Own Tax Question
Customer reply replied 4 months ago
There are 2 items to i need to fill in form 568 in slide 1
1. Prinicipal business activity name (same as federal)
2. Principal product or service (same as federal)What do i fill there the number or description
Customer reply replied 4 months ago
where do i find this list of codes u mentioned in 540000 section
Customer reply replied 4 months ago
09 March 2018 10:10There are 2 items to i need to fill in form 568 in slide 1
1. Prinicipal business activity name (same as federal)
2. Principal product or service (same as federal)What do i fill there - the number or description?

The codes are in the booklet and instructions

https://www.ftb.ca.gov/forms/2016/16_568bk.pdf

Ask Your Own Tax Question
Customer reply replied 4 months ago
What do i fill there - the number or description?
Customer reply replied 4 months ago
There are 2 items to i need to fill in form 568 in slide 1
1. Prinicipal business activity name (same as federal)
2. Principal product or service (same as federal)What do i fill there - the number or description?
Customer reply replied 4 months ago
looks like u just dont bother to answer my sepcific question i kept repeating again and again

Thank you. SO sorry fo rthe delay but I was engaged with someone else.

The Business activity name is***** Scientific, & Technical Services or what ever you decided best fit your situation.

Ask Your Own Tax Question
Customer reply replied 4 months ago
Principal product or service (same as federal)

What is your listed product or service on your federal filing? What code did you use when you filed the fed?

Ask Your Own Tax Question

I am going to opt out now so you can have another person.

Ask Your Own Tax Question
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,364
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified

Different expert here - my name is ***** ***** I will be happy to answer your specific question.

You will use the code numbers for the Principal business activity and Principal product or service NOT the description.

The codes will be the same that you use on your federal return.

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,364
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
Verified
Barbara and 87 other Tax Specialists are ready to help you
Ask your own question now
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Barbara Your Own Question
Barbara
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 6,364
6,364 Satisfied Customers
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.

Barbara is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,184 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
I have an LLC, with a single member. It is for a little cat
Hello, I have an LLC, with a single member. It is for a little cat boarding service we operate at our home. I've had this for a little over 6 years. I also have a C corp, left over from my days of wri… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,139 satisfied customers
I have another question related to filling out prior CA 568
Hi Barbara,I have another question related to filling out prior CA 568 Forms. I need to complete one for 2015, 2016 and 2017. Because I can answer yes to the certain questions related form 1065 (and S… read more
Barbara
Barbara
Enrolled Agent
6,364 satisfied customers
I am a single member LLC in CA. when i file form 568, what
Second opinion] i am a single member LLC in CA. when i file form 568, what do i fill in prinicipal business activity name and principal product or service. My company has a software product/service in… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Taxes form CA 568 Can you please revise this page of form CA
Taxes form CA 568Can you please revise this page of form CA 568? This is a one member LLC just formed in November. I have highlighted the areas I'm no too sure about. The other pages are fine. I just … read more
Barbara
Barbara
Enrolled Agent
6,364 satisfied customers
Pearl. Just a quick question about the "Return filed with
Hi, Pearl. Just a quick question about the "Return filed with the FTB" section of my form 568. I am a SMLLC and have a Schedule C for the business completed for my P&L. Should I check the box next to … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
In 2011 I started a Calif LLC that never did any business. I
In 2011 I started a Calif LLC that never did any business. I paid the first year $800 fee. In July 2012 I filed a dissolution form LLC-4/7. I never filed any returns for the LLC. Now CA FTB wants a re… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Thanks. I have a few for 568s I'm filling out (I didn't
Hi thanks. I have a few for 568s I'm filling out (I didn't realize turbo tax wasn't sending them out). It's a single member llc and I'm wondering if I need to complete a Schedule K. I think I have it … read more
Barbara
Barbara
Enrolled Agent
6,364 satisfied customers
I own a single member llc in calif. I was told I didn't need
I own a single member llc in calif. I was told I didn't need to file a bus tax return which I havent. The llc I set up 2012 stating bus was for investments. I bought a house in the llc name and sold i… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I am trying to fill out a 568 form, i filed as a partnership
i filed as a partnership with my wife but did not get form 568 form … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I started a single-member LLC in California in 2015. I
I started a single-member LLC in California in 2015. I decided to do taxes using TurboTax. I managed to get my federal return completed. But TurboTax does not automatically handle California FTB Form … read more
Barbara
Barbara
Enrolled Agent
6,364 satisfied customers
I have a question on filing form 568 LLC that is a
I have a question on filing form 568 for California LLC that is a disregarded entity. Which pages do I need to fill out and file? … read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
Does a LLC registered to do business in CA need to file an
Does a LLC registered to do business in CA need to file an extension? I filed the federal extension.… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
i am trying to fill out a 2013 ca form 568 client that
i am trying to fill out a 2013 ca form 568 for a client that was previously an LLC taxed as a partnership, but now they are a disregarded entity… read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
How does the single member LLC check box : General or limited? On the k-1 worksheet,
How does the single member LLC check box : General or limited? On the k-1 worksheet, is a single member LLC person a general or limited partner?… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Having a tough time filling form 568 in relation to my wholesale
Having a tough time filling form 568 in relation to my wholesale business. Need someone to walk me through… read more
taxmanrog
taxmanrog
Master\u0027s Degree
990 satisfied customers
My understanding is that in 2011-2012 , CA changed their tax
My understanding is that in 2011-2012 , CA changed their tax rules for companies (e.g. a single member LLC) with CA sourced sales. Whereas prior to 2012 tax year, if a company didn't do business physi… read more
Barbara
Barbara
Enrolled Agent
6,364 satisfied customers
This question is specifically for Randalltax, since Ive had
This question is specifically for Randalltax, since I've had a good experience with him: I am filling out California form 568. I have a single member California LLC that is a disregarded entity. We ar… read more
fastfile
fastfile
Tax Advisor
Master's Degree
550 satisfied customers
I have a single member self directed IRA LLC in California.
I have a single member self directed IRA LLC in California. It was used to buy property in Missouri. I know I don't need to file a federal tax return but do I need to file a CA tax return (form 568) i… read more
socrateaser
socrateaser
1,031 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x