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Returning Member
posted Apr 26, 2022 4:46:56 PM

LLC one member

I'm a one member LLC. I filed a 1040 and pay taxes. Do I still owe the State Of Calif. Franchise Tax Board $800.00? Also, I already filed my taxes using Turbo Tax , if I owed the $800.00 would it have been paid when filing my taxes?

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2 Replies
Level 15
Apr 26, 2022 5:28:32 PM

@CRSEJS wrote:

I'm a one member LLC. I filed a 1040 and pay taxes. Do I still owe the State Of Calif. Franchise Tax Board $800.00?

Yes. 

 

See https://www.ftb.ca.gov/file/business/types/limited-liability-company/index.html

 

 

@CRSEJS wrote:

....I already filed my taxes using Turbo Tax , if I owed the $800.00 would it have been paid when filing my taxes?

Did you prepare the voucher and pay the $800?

 

See https://www.ftb.ca.gov/forms/2022/2022-3522.pdf

Level 15
Apr 26, 2022 9:02:07 PM

see this link. some versions do others don't. 

 

https://ttlc.intuit.com/community/business-taxes/discussion/does-turbo-tax-business-efile-ca-form-568-for-single-member-llc-or-only-for-multi-member-llc-i-m/00/410728#:~:text=Form%20568%20for%20single-member%20LLC%27s%20can%27t%20be%20e-filed,are%20using%2C%20you%20can%20request%20the%20e-file%20waiver.