Question

California Tax Payment Received - Missing Tax Return For Business After Filing

Forum|Forum|5 years ago
March 2, 2021
1 reply
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We used Turbotax home business version to e-file for business (LLC) in 2018 and paid $800 for the business, however, we received a mailed letter from State of California Franchise Tax Board stating that the tax return is missing and requires a form to be filled. We think we did everything correctly in Turbotax, and saw business related items in Federal Return. We have not received any letter regarding any missing things for Federal Tax.

For 2018 Tax, the federal tax return included Schedule C, but it looks like not including the form CA 568.

In 2019, we filed our tax return with Turbo Tax and saw Form CA 568 was included. So why was it missing in 2018's forms? What is the best strategy for us to handle it? Many thanks!

N

npierson777

Even though your LLC may be a disregarded entity for federal tax purposes, it is considered a separate, taxable entity for California's LLC tax and LLC fee and must report its income on a separate state tax return. If for any reason you didn't file your Form 568 timely, you use data form you 2018 tax return and fill out the Form 568 and file it using the 2018 Instructions for Form 568