does a CA corporation have to pay the minimum tax in its final year?

If a CA corporation does business in 2009 and dissolves in December/

2009, filing form 966 with the IRS and the dissolution form with the secretary of CA state on or before December/2009, does it have to pay the minimum $800 tax?
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removeps-groups
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I believe it does. The tax is imposed for any year the corporation was in existence and transacted any business. If it ceases transacting business on Dec. 31 and dissolves in 2010, it can avoid the tax for 2010, but only if it has not transacted any business during that year. Take a look at this information sheet from the State of CA:

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Reply to
Stuart A. Bronstein

It owes the tax for 2009 (or income tax, if higher), but not for 2010.

Reply to
Tom Healy CPA

of course it does.

Reply to
Reggie

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