CA FTB 3522 2023-2024 free printable template

2023 Instructions for Form FTB 3522 LLC Tax Voucher General Information Use form FTB 3522 LLC Tax Voucher to pay the annual limited liability company LLC tax of 800 for taxable year 2023. Ca.gov/pay. If paying by Web Pay do not file form FTB 3522. Credit Card Use Discover MasterCard Visa or American Express Card to pay your business taxes. Write the California SOS file number FEIN and 2023 FTB 3522 on the check or money order. Detach the payment voucher from the bottom of the page. California...

How to fill out form 3522 2023-2024

How to fill out form 3522:

1. Begin by obtaining a copy of form 3522 from the appropriate source, such as the government website or tax office.
2. Carefully read the instructions provided with the form to understand the purpose of each section and the required information.
3. Fill in your personal information, such as your name, address, and social security number, in the designated fields.
4. Enter the relevant tax year for which you are filing the form.
5. Complete the required fields regarding your estimated tax payment, including the amount and the necessary payment frequency.
6. Double-check all the information you have provided to ensure accuracy.
7. Sign and date the form as required.
8. Keep a copy of the completed form for your records.

Who needs form 3522:

1. Individuals who are required to make estimated tax payments to the tax authorities.
2. Business owners, self-employed individuals, and freelancers who have income not subject to withholding taxes.
3. Any taxpayer who expects to owe at least $500 in tax liability for the year and wants to avoid penalties for underpayment.

• Who needs an FT 3522 Form?
• What is FT 3522 Form for?
• Is Form FT 3522 accompanied by other forms?
• • When is FT 3522 due?
  • How do I fill out LLC Tax Voucher 3522 Form?
  • Where do I send FT 3522 Form?

Who needs an FT 3522 Form?

Every LLC doing business in California must be registered with the California Secretary of State and must file and complete and pay the Annual Tax and also LLC Fee. To pay the first, an LLC is required to use FT 3522 Form if choosing to pay in any way but by a credit card, the amount of tax is standard $800.

What is FT 3522 Form for?

Form FT 3622 serves as an LLC Tax Voucher that should be submitted by an LLC, that:

1. Has articles of organization accepted by the California SOS (Secretary of State), or
2. Possess a registration certificate issued by the SOS, and
3. Is doing business in California

Is Form FT 3522 accompanied by other forms?

It is mandatory that an LLC Tax Voucher should be accompanied by either Form 565, which is Partnership Return of Income, or Form 568, which is Limited Liability Company Return of Income.

When is FT 3522 due?

Concerning the Form (565 or 568) that should be filed along with the FT 3522, the yearly LLC tax is due by the 15th day of the 4th month after the beginning of the fiscal year. Typically, this day falls on April 15th, but when the 15th falls on a holiday or a weekend, the deadline gets extended until the next business day.

How do I fill out LLC Tax Voucher 3522 Form?

The 3522 Voucher Form must contain such information:

• Term of the fiscal year
• Name of LLC
• DBA
• Full address and phone number
• SOS file number
• Federal EIN
• Amount of payment

Where do I send FT 3522 Form?

The completed fillable FT 3522 along with the payment must be directed to the Franchise Tax Board at this address: Franchise Tax Board, PO Box 942857, Sacramento CA 94257-0531.

Video instructions and help with filling out and completing form 3522

Instructions and Help about 2023 form 3522

Do I have to pay California's 800 franchise fee for my LLC Amanda here from the business finance coach where I'm simplifying accounting taxes and business planning if this sounds like something you're interested in you can subscribe to my YouTube channel while still watching this video by clicking the watermark in the bottom right corner of your screen back to the California Franchise Tax fee of 800 so do you really have to pay this fee you can see the state website behind me, you just search ftbcagov, and you can just search FT 800 LLC California and up will come the links for this site it does sound a little confusing as you'll see in this graph here where they talk about the annual California fee, and then they talk about incomes greater than two hundred and fifty thousand dollars now just to verify I actually called and spoke to the state and part of why this is confusing is because there are two fees or taxes that apply to your LLC if you have an LLC in the state you have to pay the 800 franchise tax fee every year everyone really pays the 800 fee for any LLC formed in the state the second aspect is if you have an annual LLC fee which is in addition to that 800 fee which you pay every year as long as the income is less than 250000 in your business you don't have to worry about an additional tax but once your gross income sales goes above 250000 then you will have an additional tax to pay to the state of California the next thing I want to show you is the amount of that additional tax here we are in the instructions and this is where you'll see the amounts of the second feed two hundred fifty thousand to four hundred and ninety-nine nine nine nine a dollar short of five hundred thousand pay 900 five hundred to a million right before a million pay twenty-five hundred dollars a million to almost five million pay six thousand dollars and then the next bracket over five million pay eleven thousand seven ninety like many things taxes you know it's like the person making 1 million is paying the same as the person making four point five million, so you know is it fair I don't know but regardless this is the tax for California, and then you can see that they give an example down here, and they go through for each business the annual tax which is that eight hundred dollar fee plus the LLC fee, so the annual tax is eight hundred and the LLC fee is based on if you earn more than two hundred fifty thousand and your income, and so I know that that's a little confusing I'd love to hear any questions you have in the comments below if you enjoyed this video let me know otherwise subscribe I'll see you next time have a beautiful day bye

For pdfFiller’s FAQs

When is the deadline to file form 3522 in 2023?

The deadline for filing Form 3522 in 2023 is April 15, 2024.

What is form 3522?

Form 3522, also known as the Annual Limited Liability Company Tax, is a tax form used by limited liability companies (LLCs) in California to report and pay the annual LLC tax. This tax is required for LLCs with a principal place of business in California or LLCs organized in California that are doing business in the state. The tax amount is based on the LLC's total income from all sources, including both California and out-of-state sources. The form must be submitted annually by the 15th day of the 4th month after the beginning of the LLC’s taxable year.

Who is required to file form 3522?

Form 3522, also known as the Annual Limited Liability Company Income Tax Return, is required to be filed by all limited liability companies (LLCs) registered in the state of California. This includes both domestic and foreign LLCs that are doing business in California or earning income from California sources.

How to fill out form 3522?

Form 3522, also known as the Limited Liability Company Tax Voucher, is used to submit the annual payment for the California LLC tax fee. Here's a step-by-step guide on how to fill out the form: 1. Download Form 3522: Visit the California Franchise Tax Board website or search "California Form 3522" on a search engine to find and download the latest version of the form. 2. Provide basic information: Fill in the LLC's legal name, California Secretary of State (SOS) file number, federal Employer Identification Number (EIN), and the LLC's address in Section 1. 3. Determine the taxable year: Enter the taxable year for which you are making the payment in the "Calendar Year" or "Fiscal Year" box, based on your LLC's accounting period. 4. Calculate the LLC fee: In Section 2, multiply the total California LLC total income by the applicable fee rate to calculate the LLC fee. The fee rates can be found in the instructions accompanying the form. Enter this calculated amount in the "Total fee" box. 5. Make payment: Fill in the "Payment amount" box with the LLC fee amount you calculated in step 4. If the amount is zero or you overpaid in a prior year, enter zero. 6. Provide contact information: Enter the LLC's representative's phone number and email address in Section 3, as well as the individual's title and the LLC's phone number. 7. Fill out payment information: Select the payment method you will be using (check or money order, credit card, or electronic funds withdrawal), and provide the necessary information accordingly. 8. Sign and date: The authorized person should sign and date the form in Section 4. If the LLC's return is filed by a tax professional or agency, they should also enter their information in this section. 9. Retain a copy: Make a copy of the completed form for your records before submitting it. 10. Submit the form: Mail the completed Form 3522, along with the payment, to the address provided in the instructions. If you're making a payment electronically, follow the instructions for electronic payment submission. Note: It's always recommended to consult the latest instructions and tax guidelines provided by the California Franchise Tax Board for any updates or specific requirements related to Form 3522.

What is the purpose of form 3522?

Form 3522 is a tax form used in the United States by limited liability companies (LLCs) to pay the annual minimum franchise tax. The purpose of this form is to report and pay this tax, which is required by the California Franchise Tax Board (FTB) for all LLCs registered in California. The tax amount is fixed and due annually, regardless of the LLC's income or profit.

What information must be reported on form 3522?

Form 3522, also known as the Annual Limited Liability Company Tax Voucher, must be filled out by limited liability companies (LLCs) in California. The form requires the following information to be reported: 1. LLC Information: The legal name of the LLC and the California Secretary of State (SOS) file number. 2. Filing Status: Indicate whether it is a single-member LLC or a multi-member LLC. 3. Federal Employer Identification Number (FEIN): The unique nine-digit number assigned by the IRS. 4. Principal Business Activity: The primary activity of the LLC. 5. Total California LLC Fee: Enter the amount of the LLC fee due, which is based on the total income from California sources. 6. Total Income from All Sources: The total income generated by the LLC from all sources, including California and out-of-state. 7. Total California Income: The total income specifically derived from California sources. 8. California Expenses: The expenses directly related to the LLC's California income. 9. California Cost of Goods Sold: The cost directly related to goods sold in California. 10. Net California Income: Calculate the California taxable income by subtracting California expenses and California cost of goods sold from the total California income. 11. Total California LLC Fee: Multiply the net California income by the applicable LLC fee rate. This will determine the total LLC fee due. 12. Estimated Fee, Penalty, and Interest: If the form is not filed and paid by the due date, a fee, penalty, and interest may apply. 13. Total Amount Due: Add the total California LLC fee to any estimated fee, penalty, or interest due. 14. Payment Details: Provide the payment method, amount paid, date, and signature. Please note that the requirements may change over time, so it's always essential to refer to the most recent version of the form and any accompanying instructions provided by the California Franchise Tax Board.

What is the penalty for the late filing of form 3522?

The penalty for the late filing of form 3522, which is the Limited Liability Company Tax Voucher, is $18 per month or part of a month that the payment is late. This penalty will continue to accrue until the form is filed and the payment is made in full.

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