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11 Replies Last post: Sep 12, 2008 3:29 PM by golfheaven

California minimum $800 franchise Tax

May 29, 2008 6:55 PM

Click to view dashcube's profile Start-up dashcube 2 posts since
May 29, 2008
I would like to know about California FTB minimum $800 franchise tax. My question is

- Form number to attach with check.
- Address to send form and check
- Last date to pay

Thanks,
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Click to view MRFINANCE's profile Mogul MRFINANCE 104 posts since
May 11, 2008
1. Re: California minimum $800 franchise Tax May 29, 2008 10:58 PM
in response to: dashcube
Sorry, I'm not from CA but you really neeed to seek a good CPA. Ask around who has a good CPA to meet your needs. They don't need to be a big firm, just someone to meet your needs and guide you.

Good Luck!

Joe

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Click to view dublincpa's profile Mogul dublincpa 165 posts since
Jan 29, 2008
2. Re: California minimum $800 franchise Tax May 30, 2008 8:56 AM
in response to: dashcube
The form depends on your type of entity.

Neither your profile nor your question provides the details to answer the question.
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Click to view Santa Fe CPA's profile Mogul Santa Fe CPA 67 posts since
Oct 10, 2007
3. Re: California minimum $800 franchise Tax May 30, 2008 12:23 PM
in response to: dashcube
Dashcube,

Try contacting Ken Miller, he is a CPA in Escondiido, he should be able to answer the specifics of your question.
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Click to view pro2009's profile Start-up pro2009 2 posts since
Jun 19, 2008
4. Re: California minimum $800 franchise Tax Jun 19, 2008 8:52 AM
in response to: dashcube
go to www irs.gov
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Click to view ephemera's profile Start-up ephemera 1 posts since
Jun 29, 2009
5. Re: California minimum $800 franchise Tax Jun 29, 2009 1:58 AM
in response to: dashcube
Just in case anyone in the future gets directed to this page through Google, as I did, this is an easily answerable question:

The $800 is sent with Form FTB 3522 available at ftb.ca.gov

It is sent to:
Franchise Tax Board
PO Box 942857
Sacramento, CA 94257-0631

It is due on April 15th, except for your first year in business. That first year it is due the 15th day of the 4th month after you incorporate. When you count to the "fourth month" make sure you start with the incorporation month. For example, if you incorporated in May, your $800 would be due August 15th.

Really now, it doesn't take a CPA or a link to the IRS (?) to answer this!
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Click to view charleskcmo's profile Start-up charleskcmo 1 posts since
Oct 14, 2009
6. Re: California minimum $800 franchise Tax Oct 14, 2009 12:18 AM
in response to: ephemera
It seems like if I start the LLC in Jan, I would have to pay USD 1600 in April: USD 800 for the first year in business, and USD 800 for the annual tax due on April 15th.

Is it my miscalculation or is it really best to start the business right after April 15th, say, in the beginning of May?
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