audra-bythebook
Level 1
03-22-2023
12:54 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
George4Tacks
Level 15
03-24-2023
04:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Move out of California? The "fee" is based on gross receipts
LLC fee
If your LLC will make more than $250,000, you will have to pay a fee. LLCs must estimate and pay the fee by the 15th day of the 6th month, of the current tax year.
| If the total California income rounded to the nearest whole dollar is: | The fee amount is: |
|---|---|
| $250,000 - $499,999 | $900 |
| $500,000 - $999,999 | $2,500 |
| $1,000,000 - $4,999,999 | $6,000 |
| $5,000,000 or more | $11,790 |
Answers are easy. Questions are hard!
itonewbie
Level 15
03-24-2023
07:43 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
"Move out of California?"
Lol! That's one way to look at it.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar
abctax55
Level 15
03-24-2023
08:22 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The $ 800 TAX is not the same as the LLC 'FEE', which as pointed out by others is based on gross receipts. There's no error to 'fix'.
HumanKind... Be Both
