California Form 100 We PDF Details

The California Form 100-WE, known as the Water's-Edge Election form, serves as a pivotal component in the tax reporting process for corporations opting to limit their income subject to California taxation to U.S. borders and a specified list of international operations. Initiated through the complexities of the Revenue and Taxation Code (R&TC) Sections 25110 and 25113, this election allows corporations to realign their tax obligations more closely with their domestic business footprint, marking a significant deviation from the worldwide income reporting standard. Upon completion, this form must be attached to the back of Form 100W, or Form 100S, ensuring corporations maintain a copy for their records. It requires the designation of the electing corporation and its accompanying details, alongside the enumeration of all members within the water’s-edge combined report, emphasizing the importance of accuracy and completeness in its execution. Moreover, the form delineates the election’s commencement, dictated by the taxable year's first day for which the election applies and establishes a duration of 84 calendar months unless terminated under specific statutory provisions. The provision for termination as outlined ensures corporations can navigate changes in their operational scope or structure while remaining compliant. This comprehensive approach, mandating the signature of an authorized officer, underlines the form's critical role in formalizing the election to adopt a water’s-edge filing stance, a choice that significantly impacts the corporation’s fiscal obligations and strategic tax planning within the state of California.

QuestionAnswer
Form NameCalifornia Form 100 We
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names11_100we form 100 we

Form Preview Example

TAXABLE YEAR

 

 

CALIFORNIA FORM

 

 

2011 Water’s-Edge Election

100-WE

 

 

 

Sign Form 100-WE and attach to the back of Form 100W, or Form 100S. Keep a copy for the corporation’s records.

Corporation name

Key California corporation number

Address (suite, room, or PMB no.)

City

State

ZIP Code

WATER’S-EDGE ELECTION

The electing corporation, ____________________________, elects to file on a water’s-edge basis pursuant to Revenue and Taxation

Code (R&TC) Sections 25110 and 25113.

Check here if the common parent is electing on behalf of the water’s-edge group. List each corporation covered by this election below. As the common parent of a controlled group, the corporation hereby elects for all members of the controlled group that are includable in the water’s-edge combined report.

MONTHDAYYEAR

PERIOD: The election shall begin on the first day of the taxable year, I_______________________________, for which the election

can be made and shall, except as otherwise provided by statute or herein, continue for 84 calendar months from that date. The election shall remain in effect until terminated.

TERMINATION: The election may be terminated in accordance with the rules provided by R&TC Section 25113.

___________________________________________________________________

___________________________________________________

Electing Corporation Name

Signature of Officer of Electing Corporation

______________________________________

_______________________

____________________________________________________

Electing Corporation Number

Date

Print or Type Name and Title of Signing Officer

Corporations Covered by the Water’s-Edge Election

Key California corporation name*

Key California corporation number

Common parent name

FEIN (if applicable)

List of corporations covered by the election

Corporation name

California corporation number

*For definition of a Key Corporation, see FTB Pub. 1061, Guidelines for Corporations Filing a Combined Report. Attach additional sheets if necessary.

Instructions

Enter the corporation name, California corporation number, federal employer identification number (FEIN), if applicable, and address as listed on Form 100W or Form 100S.

Enter the name of the corporation making the election in the space provided described as electing corporation.

Be sure to check the box if a common parent is electing on behalf of members of the controlled group included in the water’s-edge combined report. If there is no common parent election, each electing member of the water’s-edge

group should file its own election, even if a single return is filed on a combined basis. See R&TC Section 25113 for more information. List all taxpayers covered by the common parent’s election on this page. An election made on a group return of a self-assessed combined reporting group shall constitute an election by each taxpayer member included in that group return.

Enter the beginning date of the water’s-edge election in the space provided. This date is generally the same as the beginning date for the taxable year that appears on Form 100W or Form 100S for the first taxable year of the

election. If the corporation is a member of a water’s-edge combined group that has different fiscal-year ends, the election beginning date is the beginning date of the taxable year of the last member of the group to file its return and make the election. For example, if one member of the water’s-edge group has a January 1, 2011 to December 31, 2011 taxable year, and the second member has an April 1, 2011 to March 31,

2012 taxable year, the beginning date of this water’s-edge election is April 1, 2011. See R&TC Section 25113(c)(3) for more information.

An officer of the electing corporation must sign and date the election.

7001113

Form 100-WE C1 2011

How to Edit California Form 100 We Online for Free

Using PDF files online is a breeze with our PDF editor. You can fill out California Form 100 We here in a matter of minutes. To keep our editor on the cutting edge of convenience, we work to adopt user-driven features and enhancements on a regular basis. We're always pleased to receive suggestions - play a vital role in revampimg PDF editing. Getting underway is effortless! What you need to do is follow the next easy steps below:

Step 1: Access the PDF doc inside our editor by clicking the "Get Form Button" in the top section of this page.

Step 2: As you launch the tool, there'll be the document made ready to be filled out. Aside from filling out various blank fields, you may also perform various other actions with the file, specifically adding custom textual content, editing the original text, adding images, affixing your signature to the PDF, and a lot more.

It is an easy task to finish the pdf following our detailed tutorial! Here's what you should do:

1. When filling in the California Form 100 We, make sure to complete all important fields in their corresponding part. This will help facilitate the process, enabling your information to be processed efficiently and accurately.

Step # 1 in completing California Form 100 We

2. Right after finishing this part, go to the subsequent step and fill in the essential particulars in these blank fields - Common parent name, FEIN if applicable, List of corporations covered by, Corporation name, California corporation number, For definition of a Key Corporation, election If the corporation is a, group should file its own election, and Form WE C .

Common parent name, List of corporations covered by, and Corporation name inside California Form 100 We

Always be very mindful while filling in Common parent name and List of corporations covered by, because this is where many people make mistakes.

Step 3: Soon after taking one more look at the fields you have filled in, click "Done" and you're done and dusted! Join us now and easily gain access to California Form 100 We, all set for download. Every last edit made is handily saved , letting you customize the file at a later time as needed. FormsPal guarantees your information confidentiality by using a protected method that in no way saves or distributes any sensitive information involved in the process. Rest assured knowing your documents are kept protected whenever you use our tools!

California Form 100 We isn’t the one you’re looking for?

Related Documents