FTB demanding initial year S Corp tax despite waiver - Help!

Ugh, the FTB can be such a pain sometimes. 🙄 I went through something similar last year. Make sure you have all your paperwork ready when you call them. Emphasize that it's your INITIAL year as an S Corp. They might try to brush you off, but stand your ground!

I found a way to actually get someone on the phone at the FTB. I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Here's a video about it: https://youtu.be/0KwvDlViV6Q

Here's the deal with the initial year minimum tax waiver for S Corps in California: • The waiver is legit and should apply to your first year • It's part of the Small Business Tax Relief Act • The waiver applies to corporations incorporated on or after January 1, 2021 • You still need to file a tax return, even if you don't owe the $800 When you call the FTB, mention the Small Business Tax Relief Act specifically. If they give you trouble, ask to speak with a supervisor. Don't let them push you around!

lol welcome to the wonderful world of california taxes 🤡 where the rules are made up and the laws don't matter

Have you checked your articles of incorporation? Make sure the date is correct. I've seen cases where a typo in the incorporation date caused issues with the waiver.

Guys, I'm telling you, it's all a conspiracy by Big Tax to keep us down. Wake up sheeple! 👀

I'm in the same boat, OP. Started my S Corp last month and got hit with this too. Let us know how your call goes!

Pro tip: Keep a detailed log of all your calls with the FTB. Note down the date, time, who you spoke with, and what was said. It'll save you a headache later if things get complicated.

Anyone else think its ridiculous that we have to jump through all these hoops just to get a waiver that's supposed to be automatic? The system is broken, man.

Hey OP, just curious - what kind of business are you starting? I'm thinking of setting up an S Corp too and wondering if it's worth the hassle.