Welcome Guest. Register Now!  


California CA


Find a tax professional cpa near you

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 06-09-2009, 04:03 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,864
Blog Entries: 3
What is the minimum California Corporation Franchise Tax?

According to California Franchise Tax Board, "the minimum franchise tax ($800) is due the first quarter of each accounting period and must be paid whether the corporation is active, inactive, operates at a loss, or files a return for a short period of less than 12 months.

Furthermore, California Franchise Tax Board states that, "minimum tax is waived on newly formed or qualified corporations filing an initial return for their first taxable year."
__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.
Reply With Quote
Ads
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
When is the California Franchise Tax administered on Income Statement? a_v_esk S-Corporation 0 01-26-2009 10:16 AM
Are Subchapter S Corporation subject to the California minimum franchise tax? TaxGuru California 0 12-05-2008 08:50 AM
What is the Minimum Franchise Tax for C Corporation in the State of California? Andreas C-Corporation 1 03-01-2008 04:20 PM
What is the minimum California Franchise Tax for S Corporations in 2007? andri C-Corporation 1 02-29-2008 09:12 AM
What are the minimum recordkeeping that I need to keep for my C corporation? katlee C-Corporation 1 03-03-2007 11:34 PM

Follow us on Twitter
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Forum for CPAs
 
Financial Planning