CA corp minimum tax-is ATX wrong?

[joanmcq]

I'm filing the first year for an S-corp that incorporated April 6. I understand that they'll get the 'first year free'. But I thought they'd have to pay the $800 minimum franchise fee as an estimated tax for their 2013 year by March 15. However, also in the back of my addled brain, I seem to remember that this might have changed, and the tax isn't due until the end of the year. I've scoured my Spidell big blue book, but can't find the answer.

ATX is calculating no estimated taxes due for 2013. Right or wrong?

[norcalea]

Joan - I think your original instincts are right, although if I read it right it is not due until 4-15. Here is a link to the 100es instructions ..see page 1 part D. https://www.ftb.ca.gov/forms/2012/12_100esins.pdf

Hope this is helpful.

[JMovichEA]

https://www.ftb.ca.gov/businesses/faq/707.shtml