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Old 12-05-2008, 09:50 AM
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Are Subchapter S Corporation subject to the California minimum franchise tax?

According to the California Franchise Tax Board, "all S corporations are subject to the minimum tax." The Minimum tax is the amount a corporation must pay by the first quarter of each accounting period whether the corporation is active, operates at a loss, or does not do business.

The current minimum tax is $800 for both a C or an S Corporation that is either based or operated in California.

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