California Business Portal

Taxes

How can I revive my business entity?

How can I revive my business entity? To revive your suspended or forfeited business entity, or to request a Franchise Tax Board Limited Partnership Confirmation letter, you must: Call the Franchise Tax Bo...

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Why would I need relief from contract voidability (RCV)?

Why would I need relief from contract voidability (RCV)? A suspended or forfeited business entity loses the right to enforce its legal contracts. If a business enters a contract while suspended or forfeited, a...

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How do I dissolve, surrender, or cancel my business entity?

How do I dissolve, surrender, or cancel my business entity? Business entities registered with the California Secretary of State (SOS) can dissolve, surrender, or cancel their businesses in California as follow...

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Was I properly notified of a tax issue before the Franchise Tax Board (FTB) took collection action?

Before FTB takes collection actions on a delinquent tax account, FTB will mail you a notice that meets the due process requirements. This notice describes the tax liability, your rights to contest the liability...

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What are business entities?

They are primarily businesses that registered with the California Secretary of State to conduct business in California. These businesses include domestic businesses that originally registered in California, as ...

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What is the Franchise Tax Board’s (FTB) City Business Tax Program?

Effective January 2009, and as the result of the enactment of Senate Bill 1146 (Cedillo) (Chapter 345, Statutes of 2008), FTB and participating cities began exchanging data through a reciprocal agreement. Cit...

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When are my corporation's estimate payments due?

Estimate Payment Due Dates: The first estimate is due on the 15th day of the 4th month of your corporation's tax year. For example, if yo...

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Is my corporation subject to franchise tax or income tax?

Any corporation "doing business" in California is subject to the minimum franchise tax even if it is not qualified with the California Secretary of State (SOS). "Doing Business" means actively engaging in any t...

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What are the tax rates for corporations?

Years 1997 to Present S Corporation = 1.5% C Corporation = 8.84% Bank and Financial C Corporation = 10.84% Financial S Corporation = 3.5%

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If my actual tax is less than the minimum franchise tax, then what figure do I put on my business entity's tax return?

You must enter the minimum franchise tax amount on the form. Minimum franchise tax is the amount you must pay the first quarter of each accounting period whether the corporation is active, operates at a loss o...

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