Business Tax California
August 30th, 2009
Question: Do I Need To File Business Taxes For 2008?
I incorporated (LLC) my new business in California in 2008. There were no sales or business or anything to claim. Do I need to file taxes?
Answer: Yes you do. A corp or an LLC that elects to be taxed as a corp MUST file a return every year that it exists regardless of revenue, income, or loss. You also must file the CA return and pay the minimum franchise fee of $800.
France eyes 'Google tax' on internet ads
A proposed French "Google tax" on online advertising revenues to fund subsidies for musicians and newspapers drew criticism from the internet sector.
Fox News Business Interview With Leslie Eastman - 5/18/09 - Southern California Tax Revolt Coalition
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