Owner of two LLCs

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  • J. A. Maahs
    Junior Member
    • Dec 2018
    • 3

    #1

    Owner of two LLCs

    My client has started two California SMLLCs. My software will only allow one to be attached to the 540. What is the right way to deal with this? They are both disregarded entities, so I am not worried about the federal return.
  • Lion
    Senior Member
    • Jun 2005
    • 4699

    #2
    What software?

    Comment

    • Rapid Robert
      Senior Member
      • Oct 2015
      • 1988

      #3
      "My software will only allow one to be attached to the 540. What is the right way to deal with this?"

      Get better software.
      "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
      "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard

      Comment

      • J. A. Maahs
        Junior Member
        • Dec 2018
        • 3

        #4
        Sorry, I'm not paying for upgraded software in April. I just need to know how to file the return.

        Comment

        • Lion
          Senior Member
          • Jun 2005
          • 4699

          #5
          On paper. Or, check with your tech support first to see if they have a workaround.

          Comment

          • J. A. Maahs
            Junior Member
            • Dec 2018
            • 3

            #6
            Did that first before I tried here. They say California law will only allow one 568 per 540. So, after some more time studying the FTB site,I'm thinking I'll just have to file the second one on paper.

            Comment

            • Rapid Robert
              Senior Member
              • Oct 2015
              • 1988

              #7
              "They say California law will only allow one 568 per 540"

              "They" may be lying to you. My software supports multiple LLC forms with CA Form 540 for efiling. Why would legislators pass such a law as "they" claim?
              "You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
              "That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe Howard

              Comment

              • TAXNJ
                Senior Member
                • Jan 2007
                • 2106

                #8
                Originally posted by J. A. Maahs
                Did that first before I tried here. They say California law will only allow one 568 per 540. So, after some more time studying the FTB site,I'm thinking I'll just have to file the second one on paper.
                Have you contacted “California Franchise Tax Board?

                Always cite your source for support to defend your opinion

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