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Filing CA Form 568 for 2021

Hello,

 

I filed my 2021 taxes for Federal and CA using Turbotax Home and Business. However I realize that I also need to file Form 568 for CA since I had a single member LLC setup in 2021. Income, if any (such as 1099 income) was already reported as part of personal tax return. 

 

How do about filing Form 568 using Turbotax now and do I report all of my 1099 income as business income in Form 568? Appreciate any guidance.

 

 

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7 Replies
MarilynG1
Expert Alumni

Filing CA Form 568 for 2021

Yes, you can file California Form 568 using TurboTax Home & Business.  Enter your EIN in your Federal return when you enter your business information to have Form 568 generate.

Your business income entries will populate the form. 

 

Here's details from @JotikaT2:

 

  1. Yes, you can use TurboTax Home & Business to file Form 568 along with your personal Federal and State income tax returns.
  2. You will be able to electronically file your Form 568 when you file your personal income tax return as long as you only have one Form 568 If you have multiple Form 568 forms, you will not be able to electronically file using the program.
  3. Yes, you will need to enter your EIN in the federal section of the program when you enter your business information.  This will pull into your state single member LLC information.
  4. Yes, you will be given the option to print your Form 568 to meet the earlier filing date.  You can then go back into your return and complete your federal and state personal income tax later.  However, your Form 568 is technically not due until April 15th.  You can use Form 3522 to make your payment for the 2021 income tax year if needed. 
  5. Yes, you can pay your fees online. Please use the following link to make your LLC payment.  Scroll down to the Annual Tax section to find the link to pay.

FTB link to pay LLC fees online

 

Form 3522 will be used to pay your Annual Fee of $800.

 

CA single member LLC yearly payment voucher sample

 

Form 568 is your Limited Liability Company Return of Income tax return that is due by April 15th of each tax year assuming you are using a calendar year end.

 

Here's detailed info on California Form 568

 

 

 

 

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Filing CA Form 568 for 2021

This is super useful. I had already filed my personal federal and state taxes for 2021. I went back to the return and updated the EIN for the business for which I need to file Form 568 but that does not seem to do anything to generate Form 568. Am I doing something wrong?

Filing CA Form 568 for 2021

BTW when I filed my returns for 2021 back in April 2022, the business income was reported as part of Schedule C and taxes filed accordingly. Do I have to amend it and convert the business income to Schedule K and then generate 568?  I dont want to revisit my 2021 taxes filed if I dont need to. My only objective at this point is to file 568 for CA

SantinoD
Expert Alumni

Filing CA Form 568 for 2021

There's no need to amend your 2021 Tax Return but you will need information from your 2021 Schedule C to enter on CA Form 568. 

 

For some guidance on how to fill out Form 568 use this link: How do I know if I should file California Form 568, LLC return of income for this year?

 

@mprabs 

Filing CA Form 568 for 2021

I am in the same situation.

Turbotax doesn't generate form 568 even I enter my EIN for my single-member LLC.

Turbotax used to do it in prior years!

How can I make Turbotax generate form 568??

 

Filing CA Form 568 for 2021

Nevermind.

I went to the California tax return's business income and expense section, then Turbotax asked me if the business is a single-member LLC or not.  Once I select yes, I am prompted to finish form 568.

Filing CA Form 568 for 2021

this is super helpful, thank you! I finally get the Form 568 generated automatically:)

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