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Explanation of Changes: CD-405 and CD-401S



Session Law 06-66 changed the definition of a corporation to include LLCs that elect to be taxed as C corporations for federal income tax purposes and those LLCS are now subject to general business franchise tax. The text changes on Form 405 and Form 401S clarify the amendment.

CD-405

Page 5, Schedule M-2, the #5 was left off.

An error was made on Page 3, Schedule I, Line 2 b. The reference to Line "22," should read Line "23."

Error in the maximum field length for line 20
Print line number 28
Line number 20
Begin print position......53
Maximum field length ....11

End print position.........63

CD-401S

Page 3, Line 10, zeros left off under shareholder #4.


 

Last modified on: 10/31/07 02:44:48 PM.