Hi,
I started an LLC in Jan 2018 and elected to be an S Corporation.
I paid the $800 annual tax on March 1 to the Franchise Board. I selected LLC and not Corporation in this window: https://webapp.ftb.ca.gov/WebPay/belogin.aspx?Submit=Use+Web+Pay&WT.si_n=WPBT&WT.si_x=2 and proceeded to pay my $800 in Annual Tax Payment, Form 3522.
Did I pay the wrong annual tax and how do I remedy the situation?
If this is right, did I need to pay estimated taxes by April 15? My income will be small so I don't expect to have an income tax >$800 using the 1.5% rate.
Thank you!
