California Single Member LLC (SMLLC)

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  • RightOn
    Senior Member
    • Nov 2007
    • 141
    #1

    California Single Member LLC (SMLLC)

    Anyone California tax professionals around?

    I have this client who owns a disregarded LLC (SMLLC). But I think California still requires the filing of Form 568. My tax program (Drake) does generate the Form 568. But it is all blank. It does not carry the income and expenses from the Federal Schedule C to the Form 568 at all. Is it right?
    Tags: None
    • Y2KEA
      Senior Member
      • Nov 2005
      • 344
      #2
      Don't know about Drake but in Lacerte there is a state taxes screen with a CA SMLLC sub screen. You have to link the sch C activity to the SMLLC. And don't forget the annual LLC fee of $800 and possible gross receipts fee.

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        • DTS
          Senior Member
          • Jun 2005
          • 1852
          #3
          Drake

          You have to start with the 1065 and that will produce the 568 for your SMLLC. No other way in Drake.
          D

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