25 May 2011

LLC’s – Partnerships – Corporations

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CaliforniaCorporate & Personal Income Tax — Estimated tax payments online.
The Franchise Tax Board (FTB) has announced that corporations, limited liability companies (LLCs), and partnerships can view their estimated tax payments online by using MyFTB Account for Businesses. Businesses must register with the FTB to access their account—to register they must select a user name and password, and provide the following information: (1) a valid email address; (2) company type and account number (for corporations: 7-digit California Corporation ID number; Limited Liability Company (LLC): 9- or 12-digit Secretary of State (SOS) ID number; partnership: 9-digit Federal Employer Identification Number (FEIN)); and (3) information from a CA tax return filed in the last five years (namely, year of the tax return, type of tax return, and net income (loss) on the tax return). Note that a business that has not filed a California tax return cannot register. Tax professionals registered with the FTB can view their clients’ accounts if they have their client’s permission and provide information from their client’s tax return. To register, tax professionals must have: (1) a valid email address; (2) their Social Security number; and (3) one of the following ID numbers: PTIN (Practitioner Tax Identification Number); EFIN (Electronic Filer Identification Number), CTEC (California Tax Education Council), California CPA (Certified Public Accountant), Enrolled Agents (PTIN or EFIN). ( FTB Announcement, 02/09/2011 .)

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