Franchise Tax Board Archives - Richard Burt Professional Law Corporation

LLC Annual Fee Clarified by Franchise Tax Board

By Richard Burt | 07/15/2016

A limited liability company (“LLC”) doing business in California (whether organized under California law or the law of another state) must pay an LLC annual fee on its “total income from all sources derived from or attributable to this state.” (The annual LLC fee is really a tax, but the legislature didn’t want to call it…

FTB Tax Clearance Certificates

By Richard Burt | 04/01/2016

When a business is required to deduct and withhold taxes and remit them to the Franchise Tax Board (FTB), a successor to the business can be responsible for paying the amount owing to the FTB if the business does not pay them. Who is a successor? A “successor” is anyone who acquires a substantial portion of…

Don’t go to MyFTB.com. It’s not the official site.

By Richard Burt | 01/19/2016

To access your MyFTB account, go to the FTB’s website: www.ftb.ca.gov . Note that the word “my” is NOT part of the URL. MyFTB.com has been reported as a malware site.