Hi,
I started an LLC in Jan 2018 and elected to be an S Corporation.
I paid the $800 annual tax on March 1 to the Franchise Board. I selected LLC and not Corporation in this window: https://webapp.ftb.ca.gov/WebPay/belogin.aspx?Submit=Use+Web+Pay&WT.si_n=WPBT&WT.si_x=2 and proceeded to pay my $800 in Annual Tax Payment, Form 3522.
Did I pay the wrong annual tax and how do I remedy the situation?
If this is right, did I need to pay estimated taxes by April 15? My income will be small so I don't expect to have an income tax >$800 using the 1.5% rate.
Thank you!
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My comments are as follows:
My comments are as follows:
I was stuck on the same box every time I clicked E-File and Turbotax would say that's an error to not have Corporation#.
I think clicking around multiple times or something and the instructions had some options if no Corp#. I think one of the option was "LLC filing as S Corporation" or something, so I typed that into the Corp# box and that seemed to pass:)
This is an old question and response. While the dates may appear fairly recent, they are not accurate.
The dates reflect the date the question was transferred from the old forum to this new forum.
I recommend you begin your own string with a new question.
Currently, my CA balance sheet is out by that amount. It is deducting it on the federal 1120-S, but apparently not the CA form 100-S.
Thanks in advance.
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