Discussion:Calif Corp - Want to file final 2008 but already paid 2009 Min Tax
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| {{ForumReplyPost|UserID=Laketahoecpa|Date=8 September 2009|Text=California actually eased up on that. Can file final return as long as corp is dissolved within a year of filing the final return. So if I file the 2008 return on Sept 15, 2009 and mark it final, the corp has to be dissovled by September 15, 2010.}} | {{ForumReplyPost|UserID=Laketahoecpa|Date=8 September 2009|Text=California actually eased up on that. Can file final return as long as corp is dissolved within a year of filing the final return. So if I file the 2008 return on Sept 15, 2009 and mark it final, the corp has to be dissovled by September 15, 2010.}} | ||
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| + | {{ForumReplyPost|UserID=Riley2|Date=8 September 2009|Text=The deadline for filing the certificate of dissolution with the Secretary of State was January 15, 2009. Consequently, the $800 paid for 2009 will not be refundable if the certificate was filed after that date.}} | ||
Revision as of 19:29, 8 September 2009
Discussion Forum Index --> Advanced Tax Questions --> Calif Corp - Want to file final 2008 but already paid 2009 Min Tax
Discussion Forum Index --> Tax Questions --> Calif Corp - Want to file final 2008 but already paid 2009 Min Tax
Laketahoecpa (talk|edits) said: | 8 September 2009 |
| I have a client who formed S corp couple of years ago. It has been inactive since inception. No activity returns have been filed to pay the $800 Calif minimum tax.
Client has decided finally that he's doesn't want the corp. I'd like to file a final return for 2008 but I'm afraid it will be a problem getting back the $800 minimum tax for 2009 that he paid in April. Will Franchise Tax Board automatically refund the 2009 payment when they receive the 2008 final return or is it going to take letters/phone calls to resolve? Anyone have experience with this? | |
| September 8, 2009 | |
| Was the corp dissolved with the State of CA by 12/31/08? If not, I believe a 2009 return will still be required, with the requisite $ 800 minimum liability.
And I would suggest starting the dissolution NOW, just to make sure it's a done deal before 12/31/09. The wheels in CA don't move quickly. | |
Laketahoecpa (talk|edits) said: | 8 September 2009 |
| California actually eased up on that. Can file final return as long as corp is dissolved within a year of filing the final return. So if I file the 2008 return on Sept 15, 2009 and mark it final, the corp has to be dissovled by September 15, 2010. | |
| 8 September 2009 | |
| The deadline for filing the certificate of dissolution with the Secretary of State was January 15, 2009. Consequently, the $800 paid for 2009 will not be refundable if the certificate was filed after that date. | |
