socalelm
Level 1
04-22-2020
04:02 PM
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My CA LLC which is treated as an S-corp dissolved at the end of February. Will they need to pay the entire $800 CA franchise tax when filing the final year return, which only covers 2 months?
George4Tacks
Level 15
04-22-2020
07:13 PM
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YES.
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
abctax55
Level 15
04-22-2020
07:30 PM
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Actually, I'd say 'no', depending on which one of the questions is being answered (the header q, or the q in the body)
HumanKind... Be Both
Level 3
04-29-2020
04:29 PM
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See the attached links which addresses your question on short period Calif franchise tax:
https://www.ftb.ca.gov/forms/misc/1060.html
https://www.ftb.ca.gov/file/business/types/corporations/s-corporations.html