Filed taxes but realized forgot form 568

[todd46]

I just discovered an error on form 568 after I e-filed my state tax. The error is that Turbotax assumed that I paid more LLC fees in year 2020 in addition to the $800 LLC tax, which is not the case, and therefore calculated a refund. Is there something I can do now to fix the error? Or should I just wait for the state to get back to me? The refund apparently is separate from the state tax refund/owe at the top of the TurboTax screen. Thanks.

[BentoBoxLover]

You all should start a new thread to get some replies to your specific 568 problems. I started this tread over a year ago and there is a lot of unanswered questions asked in this thread that don't pertain to my original question (sorry I don't have the answer to your questions). You will get better answers starting a new thread with relative subject line, otherwise people won't look in here. 

For everyone else, the answer to my original question is that Turbo Tax makes you mail in form 568 every year if you use Turbo Tax Home & Business. I have a single entity LLC and I met all requirements of e-file according to their website, but it still made me get a waiver and mail in form 568 again this year. This was confirmed by other users on reddit as well. 

For my 2019 568 form (that I didn't mail in originally), I sent it in 2020 when I caught the bug/mistake and put a note with it explaining that turbo tax didn't inform me in 2019 and I didn't have any issues from the FTB (since I didn't owe tax). 

Honestly, I'm going to pay a tax preparer next year as this software leaves so many blanks and leaves you to fend for yourself. There is no point buying this automated software if you have to do deep research into the blanks they don't fill in.  The money savings with using TurboTax over an expert tax preparer is not worth the stress. 

[Davidw18]

Hi Expert. I am a single LLC SMLLC.

HOw do I fill the form ? I have only made les than 250000k do I only mail the first page of the 568 form with line 123 filled ?

[darren7]

Does turbo tax offer a form 568?

[DanielV01]

@darren7.  Yes.  It is part of the California State return.

[freedlyf]

I'm using TurboTax Self-Employed online version where do I get a  populated Form 568 to mail in? I can't seem to find it. 

Thanks!

[FangxiaL]

Follow these steps to generate Form 568:

1. Open or continue your California state tax return
2. In the search box, type form 568 and hit the Enter key. Select the Jump to form 568 link at the top of the search results
3. If the screen says No Forms 568, it means that no single member LLC returns have been started for your business. You need to return to the business section to create Form 568
4. Continue to go over your CA return.

@freedlyf

[freedlyf]

The form doesn't show in search nor does it give an error. My llc is in CA but I'm a resident in FL I'm not sure if that makes a difference. where do I find the business section to create the form? 

thanks for your help!!!

[ZoltanB45]

Even though you live in Florida, the business is subject to the California tax, so you will have to add a California return to the federal return. If you enter the business income in the federal section, questions will populate in the California tax return.  Once you have created a California return and entered the business activity in the federal return,  follow the steps mentioned on this page to find the form 568.

[symartinez]

umm.. I'm very confused. I never mentioned I lived in Florida.  I live in California but I figured it out thanks

[freedlyf]

Thanks for your reply. I finally got the 568 form to populate. Now the return has two  Limited Liability Company Tax Vouchers to send payment.  Vouchers 3522 for 2022 and Vouchers 3588  for 2021. On the 568 form Item GG I selected  LLC’s first year of doing business in California. California has first year exemption from California's $800 minimum franchise tax to limited liability companies (LLCs). I'm not sure what I'm doing wrong :( I started my business in Oct 2021. thanks

[maxishere3]

Hi did you solve this? I'm running into a similar issue now.

[PatriciaV]

If you need to file a corrected Form 568 separate from your California tax return, your best option is to print and mail the form. You can either generate a corrected version in TurboTax or go to California FTB Limited Liability Company to complete the form. Be sure to note that the second copy is a correction.

@maxishere3