Question
LLC annual tax for initial CA 568 is waived
The California Franchise Tax Board updated the rule that the LLC annual tax is not required for entities formed on or after 1/1/2021. When I marked the CA 568 as initial on the worksheet, the form still generate an annual tax of $800. When I override by entering a "-1", there is a critical diagnostic came out.
Is there a way to waive it?
