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Form 540

Form 540

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Video instructions and help with filling out and completing Form 540

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Instructions and help about 540 form

hey it's jake um i wanted to do this quick video for you to talk about the california pass-through entity tax or pets now this is really really confusing and uh and i wanted to just kind of give you some numbers here so you can make an educated guess uh based on your option to essentially pay this tax and uh and how it impacts your your california taxes and your federal taxes so i was looking all over for a good video on how to explain this to clients and and understand what what this actually does and how it makes sense as follows dollars couldn't find one so i'm going to go ahead and make one for you so essentially what is happening is california had this new law ab150 last year that basically said you can pay a elective tax to basically prepay your california tax return your personal taxes and you do it through your business entity so it's a llc or a s corporation and then because your llc or your s corporation is paying a tax you have then the abilit

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