Generate a state Schedule K-1 for a multi-member LLC electing S-Corporation status in California that incorporates distributive shares, guaranteed payments, and nonresident withholding

Generate generate a state schedule k-1 for a multi-member llc electing s-corporation status in california that incorporates distributive shares, guaranteed payments, and nonresident withholding for Accounting, Tax Preparation, Bookkeeping, and Payroll Services industry

Accounting, Tax Preparation, Bookkeeping, and Payroll Services

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Allowed: PDF, XLSX, CSV

Max size: 50MB

Upload the multi-member LLC operating agreement, Form 8832 (Entity Classification Election), and Form 2553 (S-Corporation Election) to establish filing eligibility and ownership percentages
Select the specific California situation triggering Schedule K-1 preparation, including nonresident member withholding requirements and FTB Form 3532 considerations
Enter each member's percentage ownership, beginning/ending capital accounts, and any special allocations per the operating agreement
Select the primary income categories requiring separate reporting on Schedule K-1, including CA apportionment methodology
Specify guaranteed payments to members and compensation deemed reasonable under IRS and CA FTB analysis
Select nonresident member elections regarding California withholding under RT&C Section 18662 and FTB Form 592 requirements
Select the quality standard and review process required for this K-1 preparation engagement
Specify how the completed Schedule K-1s should be formatted and delivered to members and tax authorities
Detail any special reporting situations, such as at-risk limitations, basis calculations, or California-specific adjustments that must be communicated to members