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INTERACTIVE DIGITAL MEDIA TAX CREDIT APPLICATION FOR REGISTRATION Mailing Address: PO Box 9444 STN Prov Govt Victoria BC v8w 9W8 www.sbr.gov.bc.ca/itb under Part 10 of the Income Tax Act INSTRUCTIONS:

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What is Form FIN 568 Interactive?

Form FIN 568 Interactive is an electronic filing form used by limited liability companies (LLCs) that are classified as partnerships for tax purposes in the state of California. It is used to report the income, deductions, credits, and other information of the LLC to the California Franchise Tax Board (FTB).

Who is required to file Form FIN 568 Interactive?

LLCs classified as partnerships for tax purposes in California are required to file Form FIN 568 Interactive. This includes LLCs with two or more members, unless the LLC elected to be taxed as a corporation.

How to fill out Form FIN 568 Interactive?

To fill out Form FIN 568 Interactive, you will need to enter information such as the LLC's name, address, FEIN (Federal Employer Identification Number), California Secretary of State (SOS) file number, and the start and end dates of the tax year. You will also need to report the LLC's income, deductions, credits, and any other required information, following the instructions provided by the California Franchise Tax Board (FTB).

What is the purpose of Form FIN 568 Interactive?

The purpose of Form FIN 568 Interactive is to allow LLCs classified as partnerships to report their income, deductions, credits, and other tax-related information to the California Franchise Tax Board (FTB). This form helps the FTB determine the LLC's tax liability in California.

What information must be reported on Form FIN 568 Interactive?

Form FIN 568 Interactive requires the reporting of various information, including the LLC's income, deductions, credits, and tax-related details. Specific information to be reported includes the LLC's gross receipts, total income, cost of goods sold, compensation of officers, interests, rents, dividends, and various deductions, credits, and adjustments as outlined by the California Franchise Tax Board (FTB).

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