Jump to content
ATX Community

Recommended Posts

Posted

Client has 2 LLC's

and the federal I filed..

but I cannot quite figure out CA -

What extra if any credits should I be looking for?

Anything else to be aware of?

Thank you,

D

and yes I have he read the Ca tax instructions >):

Posted

Very slim details in the OP.  I would have a dozen questions before I even thought about an answer.  CA has a lot of quirks.   There are a lot of things to look out for.....

Is the TP a resident or non-resident?
Are the LLCs SMLLCs?
Tax election of the LLCs if not disregarded?
PTE elections?
Industry of the businesses?
Other Income outside the LLCs from work, investments, rentals?
Marital Status?
Children or other dependents (CA Child Care Credit)?
Income level (CA EITC)?
Health Insurance status (CA still has the mandate)?
Own or Rent primary residence (renters credit)?
Itemized deductions (CA never conformed to 2017 TCJA)?

You have asked a big question and with so few details, I don't even know where to start....

Tom
Longview, TX
 

  • Like 1

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...