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FTB expands paperless Schedule K-1 program. (FTB News).


The FTB's Paperless Schedules K-1 (565) Program is an efficient way to submit Schedule K-1 information for partnerships. You can submit paperless Schedules K-1 (568) for limited liability companies as well.

Beginning with taxable year Taxable year

The 12-month period an individual uses to report income for income tax purposes. For most individuals, their tax year is the calendar year.
 2001, any limited liability company that is required to file a Form 568 can send the FTB FTB Franchise Tax Board (California; they collect income and sales tax)
FTB Family Tax Benefit (Australian welfare assistance)
FTB First Time Buyer (housing) 
 paperless Schedules K-1 (568) by CD, diskette The official name for the floppy disk. See floppy disk.

diskette - floppy disk
 or tape cartridge.

The FTB claims that it's a very efficient filing option and is "virtually flawless" as they provide you with free software called TestWare to help you prepare error-free Schedules K-1 (568) files.

The FTB's Pub. 1062, Guide for Filing Paperless Schedules K-1 (565 or 568), contains information on the media they can accept and how to send it in.

To learn more, go to the FTB's Electronic Services website at www.ftb.ca.gov/ elecserv. Or contact program coordinator Tina Stiles Stiles can refer to: People
  • Bert Stiles, short story writer
  • Charles Wardell Stiles, American zoologist
  • Edgar Stiles, character on the popular drama 24
  • Ezra Stiles, president of Yale College
  • Innis Stiles, singer, musician
 at (916) 845-6060 or tina.stiles@ftb.ca.gov.
COPYRIGHT 2002 California Society of Certified Public Accountants
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Franchise Tax Board; limited liability companies
Publication:California CPA
Article Type:Brief Article
Geographic Code:1U9CA
Date:Nov 1, 2002
Words:152
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