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- Initial year S-Corp is generating CA FTB tax based on percentage of income. It is not factoring in the initial year exemption, even though it's marked on the return.
Initial year S-Corp is generating CA FTB tax based on percentage of income. It is not factoring in the initial year exemption, even though it's marked on the return.
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sbornazyan-bban
Level 1
03-03-2022
08:23 PM
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1.5% of income is the tax it's generating. Income is below $800 threshold, it's not even calculating the $800 minimum correctly.
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