Scott B. Price, CPA

LLC Fees to be Fully Paid by the 15th of the Sixth Month of the Tax Year

January 28, 2009

For years beginning on or after January 1, 2009, LLCs must accurately estimate and remit the LLC fee for the full taxable year by the 15th day of the sixth month of that year. For example, a calendar year taxpayer must estimate and remit the full LLC fee by June 15, 2009. Upon filing the LLC return April 15, 2010, any underpayment of the fee is subject to a 10% penalty. A safe harbor exception exists if the current estimated fee is equal to or greater than last year's fee paid.

(source: calcpa)