“I live in California but I have an LLC which is setup in Arizona. LLC is owned by me and I'm the only member. Besides Federal, what state do I pay the Estimate quarterly tax?”-----> A SMLLC is not a separate tax entity like a corporation; instead, it is what the IRS calls a "pass-through entity," like a partnership or sole proprietorship. All of the profits and losses of the SMLLC "pass through" the business to you, the LLC owner/ member, who reports this information on yourr personal tax returns on 1040/540, fed and state returns, I mean. You’ll report your tax info directly on your form 1040 since there’s no separate return for a Single Member LLC treated as a disregarded entity for tax purposes. So, when calculating estimated payments, file your estimated taxes using a form 1040-ES. The LLC itself does not pay federal income taxes, but some states impose an annual tax on LLCs. As long as your LLC, as a AZ foreign LLC, is classified as either partnership or corporation for Arizona tax purposes, thenyour LLC needs to follow the federal rules on how it will be taxed. Accordingly, if your LLC is treated as a partnership for federal tax purposes, then it will be treated as a partnership for Arizona tax purposes and it will not be taxed on its net income. Instead, you must include in your AZ taxable AGI your distributive share of LLC income. If your LLC has elected to be taxed as a corporation for federal tax purposes, it will be taxed as a corporation for AZ tax purposes.If the LLC is classified as an association taxable as a corporation for federal income tax purposes, it will also be taxable as a corporation for AZ tax purposes. As a CA full year resident, as there is no State Tax Reciprocal Agreement between CA and AZ, you need to file your CA return to claim your taxes that you pay to AZ on your CA return. If you are filing as a sole proprietor( I mean SMLLC), partner, S corporation shareholder, and/or a self-employed individual, you generally have to make estimated tax payments if you expect to owe tax of $1,000 or more when you file your return.If you are filing as a corporation you generally have to make estimated tax payments for your corporation if you expect it to owe tax of $500 or more when you file its return. You do not have to pay estimated tax for the current year if you had no tax liability for the prior year;y ou were a U.S. citizen or resident for the whole year;your prior tax year covered a 12 month period.
Please visit the website here for more info on AZ biz taxes;
http://www.azdor.gov/LinkClick.aspx?...vY%3d&tabid=60
“Do I pay Arizona now and end of the year to California? “------>Once you pay taxes to AZ and then you can claim your AZ taxes on your CA return.
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