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- California LLC Form 568 with SMLLC income
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California LLC Form 568 with SMLLC income
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California LLC Form 568 with SMLLC income
California LLC Form 568 with SMLLC income
Submitted by ssellstrom on 09-10-2022 01:56 PMI have a new LLC formed in 2021 that was created to satisfy a new lender, where this LLC #1 owns 100% of a SMLLC #2 which operates a shopping center. The LLC fee is correctly due from the SMLLC #2, and it is impossible to not have the software also calculate the same fee on the same income at the 'parent' LLC #1 level. (SMLLC #2 income data is entered again at the 'parent's' LLC# 1 tax return.) The answer from tech is to force zero LLC tax and file a paper return for LLC #1, because the software will not e-file the return with critical diagnostics.
LaCerte should solve this issue because not only do we have to blame LaCerte for the paper-filing with the FTB, but there must be other clients that have the same problem of 'double tax'.
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