The California 100 We form is a document used by corporations to elect to file on a water's-edge basis, which allows them to report their income in a specific way for tax purposes. This election is significant as it can impact how a corporation’s income is taxed, especially for those part of a controlled group. For more information on how to complete this form, please consider filling it out by clicking the button below.
The California 100 We form is an essential document for corporations electing to file on a water’s-edge basis, which can significantly influence their tax obligations. This form is particularly relevant for corporations that are part of a controlled group, as it allows them to elect for all members to be included in a combined report. The election period begins on the first day of the taxable year and lasts for 84 months, unless terminated earlier according to specific regulations. Corporations must provide key information such as their name, California corporation number, and address, along with a list of all corporations covered by the election. This ensures clarity and compliance with the California Revenue and Taxation Code. Additionally, if a common parent corporation is making the election on behalf of the group, this must be indicated clearly on the form. An officer of the electing corporation must sign and date the form, affirming the election. Understanding the intricacies of this form can help corporations navigate their tax responsibilities more effectively, making it a vital component of corporate tax planning in California.
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*
Common parent name
FEIN (if applicable)
List of corporations covered by the election
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
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