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California Tax: Estimated Fee for LLCs Due

For most calendar year LLCs, June 15 is the date that their 2010 estimated LLC fee is due. For fiscal year LLCs, the estimated fee is due on the 15th day of the sixth month of the current taxable year. LLCs use Form 3536,Estimated Fee for LLCs, to make their estimated fee payments.

The amount of the estimated fee is 100 percent of the current taxable year LLC fee. We will assess a penalty if the estimated fee is not paid or is underpaid by the estimated fee due date. The penalty is 10 percent of the underpaid fee amount. The underpaid fee amount is the difference between the current taxable year LLC fee, less the estimated fee paid. The LLC can avoid the penalty if their estimate is equal to or greater than their prior year's LLC fee.

Unlike the corporation estimated tax prior tax year exception, there is no requirement that the prior tax year be a full 12 months. Also, there is no penalty for the LLC's first year filing in California. However, we cannot waive the penalty for reasonable cause.

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