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Level 3
March 3, 2024
Solved

FTB annual fee for 1st year in business

  • March 3, 2024
  • 1 reply
  • 14 views

Hello,

It is my understanding that the FTB doesn't require taxpayer to pay the annual fee of $800 for the initial return of a corporation. I have 2 new S and C Corporations, and for both the system showed that they need to pay the annual fee plus late fee. How can I fix that?

 

Thanks

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Best answer by abctax55

Lacerte (PTO's big sister) has a box to check for "initial year".   Look for that in PTO.

1 reply

abctax55
abctax55Answer
Level 15
March 3, 2024

Lacerte (PTO's big sister) has a box to check for "initial year".   Look for that in PTO.

HumanKind... Be Both
YKubisAuthor
Level 3
March 3, 2024

Thanks

abctax55
Level 15
March 3, 2024

YVW

I also suggest you subscribe to Spidell (aka Caltax.com).  It's 'the' go-to for all things CA Tax).  You do have to register now (due to excessive spam a few years ago).

HumanKind... Be Both