Form 568

[Mo__]

I am using Home and Business, I am looking to print Form 568 as a single member however I don't see it in the pdf, neither do I see it in Forms mode. Can you please help find that form for me?

[Mo__]

Could somebody please help?

[LenaH]

To access Form 568, please follow the instructions below:

1. Open your return.
2. Click on Forms. 
3. Click on Open Form.
4. Search 568.
5. Under 2024 California, you should see Schedule C Form 568. Please see screenshot below.
6. Double click on the form.
7. On the screen Open Form, click Next to Add Form 568.
8. Click on your business and then select Finish.

[Mo__]

Thanks for your response. I went to open forms -> search 568 -> selected form 568 (p 1-2)..->selected create new as there was no existing one -> open form. This created a copy of form 568 but it came out entirely blank. Generally this form is already pre-filled every time I have done this before. Could you please let me know how I can have this form auto populate?

[MonikaK1 · Accepted solution]

California Form 568, Limited Liability Company Return of Income, is included in TurboTax Desktop Deluxe and Home and Business. 

Depending on how you answer questions in the Schedule C section, it may generate automatically. Go through all of the Schedule C interview questions if you haven't already.

If the form isn't generated with entries based on your Schedule C interview questions, you can bring up the form by going to Forms mode by clicking the Forms button at the top right (left for Mac), then clicking the Forms menu at the top, then Open a Form and entering "568".

 The TurboTax Forms Availability Tool indicates that it is supported for e-filing.

Form 568 must be filed by every LLC that is not taxable as a corporation if any of the following apply:

• The LLC is doing business in California.
• The LLC is organized in California.
• The LLC is organized in another state or foreign country, but registered with the California SOS.
• The LLC has income from California sources.

Form 568 can either be e-filed or mailed to:

Franchise Tax Board

PO Box 942857

Sacramento, CA 94257-0501

SMLLCs

• For SMLLCs owned by pass-through entities (S corporations, partnerships, and LLCs classified as partnerships), the original due date of the return is the 15th day of the 3rd month following the close of the taxable year.
• For all other SMLLCs, the original due date of the return is the 15th day of the 4th month following the close of the taxable year of the owner.

@Mo__ 

[BoazBZ]

Note an error in TurboTax for California Form 568 - For 2024, I marked that my business (an LLC) was closed in 2024. Possibly for that reason, line 3 "2024 annual Limited Liability Company tax" came out marked as zero !!

There was no way to modify that line (needed to be 800 dollars) !! I spent over two hours on phone calls to TurboTax assistance but to no avail, so I had to file with this error (the form showed that I am due a refund, as I did pay the 800 earlier, as required). I just received a letter from the California Franchise Tax Board pointing out the error on my 568 form (i.e. zero balance, no refund, as I knew but TurboTax erred !!)

Annoying that there's no way to tell TurboTax about errors -- I have few more ....

[Michael652]

Form 568 isn’t available in TurboTax Home & Business. You’ll need TurboTax Business (the separate version) to file Form 568 for an LLC, even if it’s a single-member. Home & Business only supports personal and sole proprietor returns

[VolvoGirl · Accepted solution]

I just checked.  Calif form 568 is in my Windows Home & Business program.    And see expert Monika's answer above.