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I keep seeing reference to an annual California LLC tax of
I keep seeing reference to an annual California LLC tax of $800 and am confused. If a California resident has a single member LLC with gross income about 75,000, I understand the owner simply includes… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,994 satisfied customers
My question is regarding dissolution of my LLC and the
hello my question is regarding dissolution of my LLC and the annual LLC tax.I want to dissolve my LLC this year , its a single member LLC. how long does it take for the papperwork to process? if the p… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
I started a California LLC in 2012, I have not filed a tax
I started a California LLC in 2012, I have not filed a tax return, didn't know I had to, and didn't pay an annual fee. I have only had a few thousand dollars in business, nothing the last two years. I… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,994 satisfied customers
Does someone who formed an LLC last year need to file a 568?
Does someone who formed an LLC last year need to file a 568? They are single member and they did nothing for the business/had zero income for the LLC last year.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,994 satisfied customers
I live in California and started an LLC in 2014. I have not
Hello, I live in California and started an LLC in 2014. I have not used it since. I actually totally forgot about it until now. Do i need to pay the California $800 Franchise LLC tax for the years up … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
5,147 satisfied customers
I have quick question about my business tax. I have not file
I have quick question about my business tax. I have not file tax since 2011 for my business because i didn't make that much money that time and my husband did joint account then we file our personal t… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
29,902 satisfied customers
If an LLC is formed in Oklahoma and 1 member is an Oklahoima
If an LLC is formed in Oklahoma and 1 member is an Oklahoima resident and the other two members are California LLCs, does the Oklahoma LLC have to pay the annual California $800 Franchise Fee?… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
Hi, Currently tax filing status is solo proprietor (SSN), but
Hi, Currently tax filing status is solo proprietor (SSN), but I am thinking to set up a single member LLC. 1) Not sure if setting it up in DE or NV will provide any benefits besides saving me $800 of … read more
Barbara
Barbara
Enrolled Agent, Paralegal
14,994 satisfied customers
I am a single-member CA LLC and all income is reported on my
I am a single-member CA LLC and all income is reported on my personal tax return. I have fully paid the FTB for all actual income taxes by reporting them on my personal returns. For several years I ha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
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
taxmanrog
Master's Degree
2,930 satisfied customers
I dont understand the applicability of the franchise tax and/or
I don't understand the applicability of the franchise tax and/or the Corporation Income Tax. In which cases must an entity pay one or both? If this entity is a disregarded entity for federal tax purpo… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Hello. I am in California. I filled out an LLC application,
Hello. I am in California. I filled out an LLC application, just the application, in 2006 and mailed it in with my payment. I have never followed up filing a statement of information or paid anything … read more
CGCPA
CGCPA
Owner
Bachelor's Degree
3,360 satisfied customers
I set up an LLC in California in 2010, and then never conducted
I set up an LLC in California in 2010, and then never conducted any business associated with it, nor submitted any tax forms. I started the termination process for the LLC in 2011 (filed a form with t… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,424 satisfied customers
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
Karla
Karla
Master's Degree
162 satisfied customers
I formed an LLC in California in September 2009, it is registered
I formed an LLC in California in September 2009, it is registered and my Statement of Information is current. I think I wrongly assumed the $800 fee wasn't due until April 15 of the following year. Cu… read more
socrateaser
socrateaser
43,142 satisfied customers
We ( 2 persons) are thinking of opening a new business in Calif.--We
We ( 2 persons) are thinking of opening a new business in Calif.--We are trying to get as close as possible to the tax benefits of a sole prop--Is an LLC with the Scorp pass through the best option?--… read more
bizmatters
bizmatters
J.D.
666 satisfied customers
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
Retired
Bachelor's Degree Equivalent
30,424 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
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
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