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lilte46
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CA Single Member LLC that has been terminated, never made any income, and never filed a tax return. What do I do now?

I created a CA single member LLC in 2018 and terminated the business as of September 2022. I have never made any money from the business, but did pay the annual $800 tax. The FTB contacted me saying that they got payment but never received a tax return for years 2018 & 2019. It is a just a matter of time before years 2020 and 2021 are also discovered. So I know I need to fill out form 568 for those years, but I am unsure how to do so showing no income made. Please advise!
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CA Single Member LLC that has been terminated, never made any income, and never filed a tax return. What do I do now?

You had absolutely zero income throughout all tax years?

 

Regardless, you almost certainly incurred expenses so report them.

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1 Reply

CA Single Member LLC that has been terminated, never made any income, and never filed a tax return. What do I do now?

You had absolutely zero income throughout all tax years?

 

Regardless, you almost certainly incurred expenses so report them.

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