AmyC
Expert Alumni

Business & farm

Every business in CA must:

  • File Form 568  and schedule IW (income worksheet)
  • Pay the $800 annual tax - either mail FTB3522 voucher or pay via the FTB Web Pay portal
  • If your gross receipts (before expenses) is over $250,000 there is an LLC fee in addition.

 

LLC is a legal entity. For your taxes, if you did not elect to be treated as a corporation and you have no other owners, you can file a Schedule C with your personal income tax return. 

 

For CA:

If you are filing a Sch C, the business from federal is reported on your Form 540. Otherwise, you are filling out a business return for federal and state in the business software.

 

References:

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"