FTB expands paperless Schedule K-1 program.

• Position: FTB News - Franchise Tax Board; limited liability companies - Brief Article

The FTB's Paperless Schedules K-1 (565) Program is an efficient way to submit Schedule K-1 information for partnerships. You can submit paperless Schedules K-1 (568) for limited liability companies as well.

Beginning with taxable year 2001, any limited liability company that is required to file a Form 568 can send the FTB paperless Schedules K-1 (568) by CD, diskette or tape cartridge.

The FTB claims that it's a very efficient filing option and is "virtually flawless" as they provide you with free software called TestWare to help you prepare error-free Schedules K-1 (568)...