The pass-through entity should pay the voluntary tax before the end of the 2021 calendar year in order to deduct it on their Federal 2021 tax return, right?
So, how does a pass-through entity actually pay this voluntary tax?
As of last month, the Franchise Tax Board has not yet developed forms for this.
By the way, for tax year 2021 the tax is due when your normal tax return for the year is due.
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