Question
How to waive the first year CA LLC annual tax?
HI,
According to the FTB, "If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year."
My client formed an LLC in 2021 and cannelled it at the end of 2021. So he should be exempt from the annual LLC tax.
Even thought I select the "yes" on the question "is this the first year of doing business in California", and mark "Final Return", the F568 still show a balance due of $800.
How can I fix this?
