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California Franchise tax prorated for short year?

socalelm
Level 1

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?

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3 Comments 3
George4Tacks
Level 15
YES.

Answers are easy. Questions are hard!
abctax55
Level 15

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
Rick19744
Level 3
Level 3

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

 

 

 

 

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