Strongsilence-C PA
Level 10
02-04-2022
12:23 PM
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The general rule is $800 every year but there are 2 exceptions:
1. The first-year exemption from the annual tax applies to an LLC that organizes or registers with the CA SOS; AND
2. An LLC is not subject to the annual tax if it did not do business in the taxable year and its taxable years was 15 days or fewer.
Source: Spidells='s Analysis & Explanation of California Taxes, 2022 edition.
I think Lacerte should consider adding a diagnostic. Or, the practitioner must know the rules.