TAX ACRONYMS
FSTX
What is FastTax?
U-01
What is Capital Account Rollforward?
Original due date of Form 1065 for tax year ended 12/31/2022
What is 3/15/2023?
Form 8825 is used to report this
What is Rental Real Estate Activity?
Minimum PTE tax payment due 6/15/XX to be applied towards first tax year of election
What is $1,000?
PIS
What is Placed in Service?
A-00
What is Income Reconciliation?
Due date of 2023 CA $800 LLC Tax
What is 4/15/2023?
Sch K, line 5 is used to report this
What is Interest Income?
CA PTE Tax Rate
What is 9.3%?
What is Qualified Non Recourse?
S-01
What is FTB Confirm?
Due date of 2023 CA PTE Tax Estimate
What is 6/15/2023?
DAILY DOUBLE
Sch IW is used to report this
Voucher used to pay CA PTE tax
What is Form 3893?
LLC
What is Limited Liability Company?
I-01
What is Fed Depreciation Schedule?
Due date of 2023 CA LLC Fee Estimate
What is 6/15/2023?
Sch L is used to report this
What is the Balance Sheet?
CA PTE Credit carryover period
What is 5 years?
IRC
What is Internal Revenue Code?
A-03
What is Tax Trial Balance?
DAILY DOUBLE
Original due date of 2022 CA PTE Tax Balance Due
Sch K, line 18c is used to report this
What is non-deductible expense?
For CA purposes, the CA PTE tax is reported as this at the individual level
What is CA State Tax Credit?