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As an CA LLC owner, do I still need to file FTB 3536, even if the total income is less than $250,000?

Bankruptcy and Debt 11 views 3 answers
My LLC was formed in Jan 2014, but I did not conduct business till July 2014 (so my LLC tax year is exactly 6 months). Does this mean then FTB 3536 should be filed together with the Form 568? That of course depends on the answer to the question I asked above. Thank you!

Attorney Answers

3
Rex Wenstrom HalversonTax LawyerSacramento, CACA licensed ·
Your tax year should be from the LLC formed date until 12/31/14 IF you intend to file based on a calendar year. Typically, Form 3536 (Estimated Fee for LLCs), Form 3522 (LLC Tax Voucher) and Form 568 are required for each year that you are in business. Form 3522 is used to pay the $800 annual LLC tax. This return is usually due on 4/15; but, in your first year of doing business, it is due on the 15th day of the 4th month after the beginning of the LLC's taxable year (fiscal year) or 4/15 (calendar year). Form 3536 is due on 6/15/14 but must be filed ONLY if your income is equal to or greater than $250,000. Since that does not apply to your business, it does not have to be filed. Form 568 is the LLC's Tax Return and it must be filed on 4/15/15.
0 upvotes
Cer Carson ·
It might be best for you to seek out a qualified CPA to help with this question. The Franchise Tax Board has helpful information on their website. The first annual tax is due on the 15th day of the 4th month from the date the articles of organization were filed, not the date you began conducting business. Again, I suggest speaking with a CPA in your area because tax issues can be rather complicated at times. I've listed a few links with the FTB that discuss your question: https://www.ftb.ca.gov/businesses/bus_structures/LLcompany.shtml https://www.ftb.ca.gov/forms/misc/3556.pdf
0 upvotes
Bruce Givner ·
The FTB 3536 is only due if you have an estimated gross receipts tax. See the "General Information" on the form. Mr. Halverson has given you a scholarly response.
0 upvotes

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