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Started By
Message
Corporation Income & Franchise Tax
Posted on 11/4/20 at 5:17 pm
Posted on 11/4/20 at 5:17 pm
Why am I getting a 'tax due' statement from the state for $100?
Tax type is Corporation Income & Franchise.
This has fallen through the cracks for me, and now I owe $134.01 and could face collections. lol.
This is a side business LLC. I already filed taxes for 2020.
HELP.
Tax type is Corporation Income & Franchise.
This has fallen through the cracks for me, and now I owe $134.01 and could face collections. lol.
This is a side business LLC. I already filed taxes for 2020.
HELP.
3
Posted on 11/4/20 at 5:45 pm to Brobocop
It's essentially a net worth tax. In my state, LLCs have to file and pay those annually with a minimum of $100 due.
Posted on 11/4/20 at 6:05 pm to Brobocop
Yup. The state thinks you owe a LA business tax return, so they are billing you for non-filing.
Call them and explain to them the LLC is a single member LLC, reported on your individual Schedule C (if this is correct). They may require you to send them a copy of your Schedule C.
They will then update their records that no return is required.
Was this LLC created in 2019? Did you apply for a sales tax or withholding tax account?
Call them and explain to them the LLC is a single member LLC, reported on your individual Schedule C (if this is correct). They may require you to send them a copy of your Schedule C.
They will then update their records that no return is required.
Was this LLC created in 2019? Did you apply for a sales tax or withholding tax account?
Posted on 11/4/20 at 6:05 pm to FinleyStreet
quote:
It's essentially a net worth tax. In my state, LLCs have to file and pay those annually with a minimum of $100 due.
Absolutely not true in LA. LA does have a separate annual report for the Sec of State that must be filed and paid. This is not that.
Posted on 11/4/20 at 8:06 pm to LSUFanHouston
Yeah I opened it in 2019.
Withholding tax I’m almost positive.
My business does not have “sales”.
Withholding tax I’m almost positive.
My business does not have “sales”.
Posted on 11/4/20 at 8:28 pm to Brobocop
When you applied for your LA Dept of Revenue account number, you checked a box incorrectly. Would be my thought. Good luck getting them on the phone.
Posted on 11/4/20 at 9:59 pm to Brobocop
quote:
Yeah I opened it in 2019.
Withholding tax I’m almost positive.
My business does not have “sales”
Yeah a CIFT account was created for your LLC. Call the number on the notice and just tell them like I said above.
This isn’t uncommon.
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