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CA LLC two member

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Level 1

I have a two member LLC and have prepared 1065. CA generated a 565 but not 568. Franchise tax board said we needed to file 568 instead (annual LLC fee already paid upon filing)..

How do I designate it should be filing a 568 instead of 565?

 

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Level 15

Screen 1 > Type of Entity > Select "Limited Liability Company"

Payment made goes in Screen 37

Form 568 2019 FTB 3522 Payment [O]

Limited Partnership Tax/LLC Annual TaxScreen 37; Code 15

To override the program's calculation of the 2019 Form 3522 payment, enter the applicable amount. Enter -1 to suppress the calculation of the $800 tax amount.

The program will proforma the amount paid with the 2019 FTB 3522 payment voucher produced in the 2018 program. If 2018 overpayments applied equaled the 2019 FTB 3522 $800 tax payment, a –1 will proforma into this input field (Screen 37 code 15).

NOTE: If 2018 overpayments were applied to the 2019 FTB 3522 tax payment, the amount of overpayment applied to tax is proforma’d to Screen 37 code 32, “Overpayment from a prior year credited to tax”.


ex-AllStar

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1 Reply 1
Highlighted
Level 15

Screen 1 > Type of Entity > Select "Limited Liability Company"

Payment made goes in Screen 37

Form 568 2019 FTB 3522 Payment [O]

Limited Partnership Tax/LLC Annual TaxScreen 37; Code 15

To override the program's calculation of the 2019 Form 3522 payment, enter the applicable amount. Enter -1 to suppress the calculation of the $800 tax amount.

The program will proforma the amount paid with the 2019 FTB 3522 payment voucher produced in the 2018 program. If 2018 overpayments applied equaled the 2019 FTB 3522 $800 tax payment, a –1 will proforma into this input field (Screen 37 code 15).

NOTE: If 2018 overpayments were applied to the 2019 FTB 3522 tax payment, the amount of overpayment applied to tax is proforma’d to Screen 37 code 32, “Overpayment from a prior year credited to tax”.


ex-AllStar

View solution in original post