Filing quarterly taxes

Hello,

You can file and pay your federal estimated taxes on line at https://www.irs.gov/payments

Your CA estimated payments can be made at https://www.ftb.ca.gov/pay/estimated-tax-payments.html

As a single member LLC this will be reported on a schedule C on your personal return

Good morning, glasstometals1.

You asked,  "Where do you file your California and federal quarterly taxes when running a LLC?"

For the State of CA,  it is important to note that every LLC that is doing business or organized in California must pay an annual tax of $800. The yearly tax must be paid until the LLC is canceled, regardless of business activity. The first annual tax payment is due by the 15th day of the 4th month from the SOS filing date. For instance, if an LLC is formed on June 18, 2024, the first annual tax payment is due on September 15, 2240. All successive annual tax payments are due on the 15th day of the 4th month of each taxable year.

You can pay your annual tax online or by mail.

If Online

Bank account (Web Pay)

Credit card

or if paying by Mail:

Use FTB 3522 when paying by mail.

Franchise Tax Board
PO Box 942857
Sacramento CA 94257-0631

California's quarterly estimated tax payments are due by the 15th day of the 4th, 6th, 9th and 12th months of the corporation's tax year. If the due date falls on a weekend or a legal holiday, the payment is due on the next regular business day.

Example 1 - Calendar Year: If the corporation's tax year ends on December 31, the estimated tax payments are due on April 15, June 15, September 15, and December 15.

Example 2 - Fiscal Year: If the corporation's tax year-ends on June 30, the estimated tax payments are due on October 15, December 15, March 15, and June 15.

 

For your federal  quarterly tax payments as an LLC, follow these steps:

1. Determine your LLC's tax classification: LLCs can be taxed as a sole proprietorship, partnership, S corporation, or C corporation. Each tax classification has different tax requirements.

2. Calculate your estimated taxes: Estimate your net income and taxes owed for the year and divide it by four to determine your estimated quarterly tax payments.

3. File Form 1040-ES: You must file Form 1040-ES (Estimated Tax for Individuals) each quarter to make your estimated tax payments. The deadlines are April 15, June 15, September 15, and January 15 of the following year. (See 1040-ES )

4. Pay your taxes: You can pay your taxes online using the Electronic Federal Tax Payment System (EFTPS) or by mailing a check or money order to the IRS.(See EFTPS) 

 

For additional information on quarterly estimates, please checkout these links:

A Guide to Paying Quartrly Estimates 

Cliifornia Tax Service Center 

How to Estimate Federal Withholdungs 

Please feel free to reach backout with any additional questions or concerns you might have!

Have an amazing rest of your day!

Terri Lynn, EA

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