CA first year LLC fee exemption
Under the new rules, for the period starting January 1, 2021 and ending December 31, 2023, any LLC, LP, or LLP that files, registers, or organizes to do business in California is exempt from the state's $800 minimum annual franchise tax for its first taxable year.
Below is from FTB website I copied word by word:
Exceptions to the first year annual tax
For tax years beginning on or after January 1, 2021, and before January 1, 2024, LLCs that organize, register, or file with the Secretary of State to do business in California are not subject to the annual tax of $800 for their first tax year.
However, Proseries continues to generate the $800 franchise tax on CA form 568.
Does anyone have any suggestions to fix this? I overridden the $800 payment, but Proseries gave me an e-file error message.
