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Financial Planning / Tax Strategies


Subject:  Re: California LLC Tax Implications Date:  1/1/2013  7:28 AM
Author:  bacon Number:  117260 of 124765

Peter, thanks.

It really is that simple? I have no problem paying CA taxes (well, I have no problem following the law...); I also was concerned about reporting.

Will I need to report all of my income to CA, or only that part that comes from within the state (this investment, for instance)?

[T]here might be some compliance costs like a higher tax return preparation fee.

Is this something that packages like TaxAct can't handle?


And Happy New Year, to you and to all on the boards.

Eric Hines
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