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| *Loan,banking and credit>>>tax refund |
Can I get my $800 LLC tax refund if I never really used my LLC? |
I have an LLC in California, but I didn't do any business that requires me to have this. I'm going to cancel my LLC and just be a Sole Proprietorship. However, I paid the $800 california LLC tax already, and was wondering if I can get that refunded. I've been an LLC for less than a year. if it's a minimum tax than no you can't get it back. Some states have a minimum tax for a business, even if the business is in existence for only a day. Massachusetts has a minimum $456 tax (I have no idea where they got $456 from), for both C & S corps. And also a $500 annual filing fee with the state attorney general's office for LLC's. I don't think you can, Also you usually pay the tax at the end of the year not the begining If you have not conducted any business since organizing you can probably do a Short Form Cancellation and possibly aviod the $800 tax for the current year. Use form LLC-4/8, Limited Liability Company Short Form Certificate of Cancellation. Also See FTB Pub 3556 for more information on Short Form Cancellations (page 4) and LLC Cancellation (page 3) - http://www.ftb.ca.gov/forms/misc/3556.pd... Hope that helps! |
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