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2023 Instructions for Form FTB 3587 Payment Voucher for LP, LLP, and REMIC efiled ReturnsGeneral InformationUse form FTB 3587, Payment Voucher for LP, LLP, and REMIC efiled Returns, to pay the tax.
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2023 3587 FAQ
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Use Form 540-ES, Estimated Tax for Individuals, and the 2023 California Estimated Tax Worksheet, to determine if you owe estimated tax for 2023 and to figure the required amounts. Estimated tax is the tax you expect to owe in 2023 after subtracting the credits you plan to take and tax you expect to have withheld.
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Filing Compliance Bureau at (916) 845-7088. Withholding Services and Compliance section (non-wage withholding) at (888) 792-4900.
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If you cancel your LLC within one year of organizing, you can file Short form cancellation (SOS Form LLC-4/8) with the SOS. Your LLC will not be subject to the annual $800 tax for its first tax year.
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You can pay the fee with a few simple steps! Just go to California's Franchise Tax Board website, and under 'Business,' select 'Use Web Pay Business. ... Select 'LLC' as entity type and enter your CA LLC entity ID. Once you verify your identity, select 'Estimated Fee Payment (Form 3536)'
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The state requires corporations to pay either $800 or the corporation's net income multiplied by its applicable corporate tax rate, whichever is larger. You may pay the tax online, by mail, or in person at the California Franchise Tax Board Field Offices.
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The California Minimum Franchise Tax of $800 will be automatically calculated for applicable corporate and S-corp returns on CA Form 100, page 2, line 23 or CA Form 100S, page 2, line 21. The amount due for the current return can be paid via the PMT screen or with voucher CA 3586-V.
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Use form FTB 3587, Payment Voucher for LP, LLP, and REMIC e-filed Returns, to pay the tax only if the LP, LLP, or REMIC meets all of the following: Files its tax return electronically. Has a balance due. Remits payment with a check or money order.
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Also, all LLCs and S Corps must pay a minimum franchise tax of $800 annually, except for the first year. Your business will be required to pay these taxes in advance four times per year in the form of estimated corporate taxes. For more details, check out the Instructions for Form 100-ES.
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