Blank California 100X PDF Form

.

.

100X01109

Form 100X C1 2001 Side 1

-

Corporation name

Where to File Form 100X

If the Form 100X results in a refund or no am ount due, m ail the am ended tax return to:

FRANCHISE TAX BOARD

PO BOX 942857

SACRAM ENTO CA 94257- 0500

If the Form 100X results in an am ount due, m ail the am ended tax return to:

FRANCHISE TAX BOARD

PO BOX 942857

SACRAM ENTO CA 94257- 0501

Side 2 Form 100X C1 2001

100X01209

For Privacy Act Notice, get form FTB 1131.

General Information

Income year vs. taxable year

Effective for years beginning on or after Januar y 1, 2000, references to “ incom e year” w ere replaced w ith “ taxable year” in all provisions of the Corporation Law (CTL), the Adm inistration of the Franchise and Incom e Tax Law (AFITL), and the Personal Incom e Tax Law (PITL) . When referring to an incom e

m easurem ent period beginning before Januar y 1, 2000, the term “ taxable year” should be interpreted to m ean “ incom e year” .

Statute of limitation

California Revenue and Taxation Code Section 19306 w as am ended to provide that the statute of lim itation (SOL) for a refund w ill be four years from the later of the original due date or the date the tax return w as filed. This law change is effective for any year w ith an open SOL for issuing a refund as of Januar y 1, 2000. If the tax return is delinquent, the SOL for refund w ill revert back to four years from the original due date, not the extended due date.

Preparer Tax Identification Number (PTIN) Beginning Januar y 1, 2000, tax professionals have the option of providing their individual Social Security Num ber (SSN) or Preparer Tax Identification Num ber (PTIN) on returns they prepare. Preparers w ho w ant a PTIN m ust com plete and subm it federal Form W- 7P, Application for Preparer Tax Identification Num ber, to the IRS.

A Purpose

Use Form 100X to am end a previously filed Form 100, California Corporation Franchise or Incom e Tax Return; Form 100W, California Corporation Franchise or Incom e Tax Return – Water’s- Edge Filers; or Form 100S, California S Corporation Franchise or Incom e Tax Return.

A claim for refund of an overpaym ent of tax should be m ade by filing a Form 100X.

If the corporation is filing an am ended tax return in response to a billing notice the corporation received, the corporation w ill continue to receive billing notices until the am ended tax return is accepted. In addition, the corporation m ust pay the assessed tax before the corporation can claim a refund for any part of the assessed tax.

Note: Do not use this form to change the corporate filing status. If changing corporate status from a C corporation to an S corpora- tion, or vice versa, file form FTB 3560,

S Corporation Election or Term ination/ Revocation.

Unless other w ise stated, the term “ corpora- tion” as used in Form 100X and in these instructions includes banks, financial corporations, S corporations, exem pt

hom eow ners’ associations, political organiza- tions, lim ited liability com panies; and lim ited liability partnerships classified as corporations.

B When to File

File Form 100X only after the original tax return has been filed. Corporations m ust file a claim for refund w ithin four years from the original due date of the tax return, the date the tax return w as filed, or w ithin one year from the date the tax w as paid, w hichever is later. Tax returns filed before the due date are considered as filed on the original due date.

If the federal corporate tax return is exam ined and changed by the Internal Revenue Ser vice (IRS), report these changes to the Franchise Tax Board (FTB) w ithin six m onths of the final federal determ ination by either:

•Filing Form 100X, Am ended Corporation Incom e Tax Return; or

•Sending a letter w ith copies of the federal changes to:

CORPORATION RAR FRANCHISE TAX BOARD PO BOX 942857

SACRAM ENTO CA 94257- 0501

With either m ethod, you m ust include a copy of the final federal determ ination, all underly- ing data and schedules that explain or support the federal adjustm ents. Please note that m ost penalties assessed by the IRS also apply under California law. If penalties are included in a paym ent w ith the am ended return, see the instructions for line 19, Penalties and Interest.

C Where to File

Tax Due

If tax is due, and the corporation is not required to use electronic funds transfer (EFT), m ake check or m oney order payable to the Franchise Tax Board. Write the California corporation num ber and ‘’2001 Taxable Year Form 100X’’ on the check or m oney order.

M ail Form 100X w ith the check or m oney order to:

FRANCHISE TAX BOARD PO BOX 942857

SACRAM ENTO CA 94257- 0501

Note: If the corporation m ust pay its tax liability using EFT, all paym ents m ust be rem itted by EFT to avoid penalties. See the instructions for line 28, Am ount Due.

Refund

M ail Form 100X to:

FRANCHISE TAX BOARD PO BOX 942857

SACRAM ENTO CA 94257- 0500

Private Delivery Services

California law conform s to federal law regarding the use of certain designated private deliver y services to m eet the “ tim ely m ailing as tim ely filing/paying” rule for tax returns and paym ents. See federal Form 1120, U.S. Corporation Incom e Tax Return, for a list of designated deliver y ser vices. Private delivery ser vices cannot deliver item s to PO boxes. If using one of these ser vices to m ail any item to the FTB, DO NOT use an FTB PO box. Address the am ended tax return to:

FRANCHISE TAX BOARD

SACRAM ENTO CA 95827

Private M ailbox (PM B) Number

If the corporation leases a PM B from a private business rather than a PO box from the United States Postal Service, include the box num ber in the field labeled “ PM B no.” in the address area.

Specific Line Instructions

Questions

B and C – The corporation m ust report any changes m ade by the IRS that result in additional tax to the FTB w ithin six m onths of the date of the final federal determ ination in the follow ing instances:

•Based on a federal audit;

•Reporting a final federal determ ination; or

•The IRS asked for inform ation to establish the accuracy of specific item s on the federal return and a change w as m ade.

If the IRS changes result in a refund for California, generally the corporation m ust file a claim w ithin tw o years of the IRS final determ ination date.

Be sure to include a com plete copy of the final federal determ ination and all supporting

com putations and schedules, along w ith a schedule of the adjustm ents as applicable to the corporation’s California tax liability. For m ore inform ation, get FTB Pub. 1008, Federal Tax Adjustm ents and Your Notification Responsibilities to California.

D, E, and F – Check the appropriate box to indicate w hether this Form 100X is being filed to am end a Form 100, Form 100W, or

Form 100S.

G – Check the “ Yes” box if this Form 100X is being filed as a protective claim for refund. A protective claim is a claim for refund filed before the expiration of the statute of

lim itations for w hich a determ ination of the claim depends on the resolution of som e other disputed issues, such as pending state or federal litigation or audit.

H – Corporations are not allow ed to elect or term inate a w ater’s- edge election on an am ended return. For inform ation on how to elect or term inate a w ater’s- edge election, get the Form 100- W, Water’s- Edge Booklet.

I and J – If this am ended return is being filed to report an increase or decrease to the prepaid m inim um franchise tax, answ er question I and question J.

Columns (a), (b), and (c)

Column (a) – Enter the am ounts as show n on the original or last previously am ended tax return or, if the tax return w as adjusted or exam ined, enter the am ounts that w ere determ ined by the FTB as a result of the exam ination, w hichever occurred later.

Column (b) – Enter the net increase or the net decrease for each line changed. List each change on Side 2, Part V, question 2 and provide an explanation and supporting schedules for each change.

Column (c) – Add any increase in colum n (b) to the am ount in colum n (a) or subtract any decrease in colum n (b) from the am ount in colum n (a) and enter the result in colum n (c) . If there is no change, enter the am ount from colum n (a) in colum n (c) .

Part I Income and Deductions

Line 5 – Net income from Schedule R

If the corporate taxpayer apportions its business incom e to California and there is a net change in the am ount of net business incom e (loss) after state adjustm ents apportioned to the corporate taxpayer, then the corporate taxpayer m ust recom pute and attach Schedule R, Apportionm ent and Allocation of Incom e.

Part II Computation of Tax, Penalties, and Interest

For additional inform ation (such as applicable tax rates or instructions on how to determ ine net operating loss carr yover, alternative

m inim um tax (AM T), excess net passive incom e tax, etc.) refer to Form 100, Form 100W, or Form 100S instructions for the taxable year being am ended.

Line 14 – Alternative minimum tax (AM T)

Note: This applies to Form 100 or Form 100W filers only.

Enter in colum n (b) the net increase or net decrease in AM T betw een the original Schedule P (100), Alternative M inim um Tax and Credit Lim itations – Corporations, or Schedule P (100W), Alternative M inim um Tax and Credit Lim itations – Water’s- Edge Filers, and the am ended Schedule P (100) or Schedule P (100W) . Be sure to attach the am ended Schedule P (100) or

Schedule P (100W) to Form 100X.

Line 17 – Other adjustments to tax

For interest adjustm ents under the “ look- back” m ethod of com pleted long- term contracts, enter the net increase or net decrease in colum n (b) . Be sure to sign the am ended form FTB 3834, Interest Com puta- tion Under the Look- Back M ethod for

Com pleted Long- Term Contracts, and attach it to Form 100X.

Also, enter in colum n (b) the net increase or net decrease of any credit recapture, LIFO recapture, or tax on installm ent sales. For

m ore inform ation, get Form 100, Form 100W, or Form 100S, Schedule J, Add- on Taxes and Recapture of Tax Credits, for taxable years 1991 through 2001 or get Form 100 or

Form 100S instructions for taxable years 1988 through 1990.

Enter the increase or decrease to the $600 prepaym ent m inim um franchise tax for qualified new corporations per California Revenue and Taxation Code Section 23221,

effective for taxable years beginning on or after January 1, 1997, and before Januar y 1, 1999. Enter the increase or decrease to the $300 prepaym ent for taxable years beginning on or after Januar y 1, 1999, and before Januar y 1, 2000. (For corporations incorpo- rating on or after Januar y 1, 2000, there is no prepaym ent.)

Line 19 – Penalties and Interest

Line 19 (a) – In colum n (b) enter the net increase or net decrease of any penalties being reported on the am ended return.

Line 19 (b) – In colum n (b) enter the net increase or net decrease of interest being reported on the am ended return.

Line 19 (c) – In colum n (c) enter the total of line 19 colum n (a) and colum n (b) .

If the corporation does not com pute the interest due, FTB w ill figure any interest due and bill the corporation. Interest accrues on the unpaid tax from the original due date of the return to the date paid. For the applicable interest rates, get FTB Pub. 1138A, Bank and Corporation Billing Inform ation.

Part III Payments and Credits

Enter any paym ents or credits on the appropriate line.

Part IV Amount Due or Refund

Line 28 – Amount due

M ake the check or m oney order payable to the

“Franchise Tax Board” for the am ount show n on line 28. Write the California corporation num ber and taxable year on the check. Attach the check to the front of Form 100X.

Note: A corporation required to pay its taxes through EFT m ust m ake all paym ents by EFT, even if the tax due on the original tax return w as paid by check or m oney order. Indicate w hich taxable year the paym ent should be applied to w hen paying by EFT.

Line 29 – Refund

If the corporation is entitled to a refund larger than the am ount claim ed on the original tax return, line 29 w ill show the am ount of refund. The FTB w ill figure any interest due and w ill include it in the refund. If you are claim ing a refund for interest previously paid, include the interest am ount on line 19.

Part V Explanation of

Changes

Line 1

If the original tax return w as filed using a different Corporation nam e, address, and/or California corporation num ber, enter the nam e, address, and California corporation num ber used on the original tax return on this line.

Line 2

Explain in detail any changes m ade to the

am ounts listed in Side 1, colum n (a) . Include in your explanation the line num ber refer- ences for both the original and am ended tax

returns and any detailed com putations. Include a copy of the federal Form 1120X and schedules if a change w as m ade to the federal return. Include the corporation’s nam e and California corporation num ber on all attachm ents.

Where to Get Tax Forms and Publications

By Internet – You can dow nload, view, and print California bank and corporation tax form s and publications. Go to our Website at:

www. ftb. ca. gov

By phone – To order 2001 business entity tax form s call (800) 338- 0505 and follow the recorded instructions. This ser vice is available to callers w ith touchtone phones from 6 a.m . to 8 p.m ., M onday through Friday except state holidays. Please allow tw o w eeks to receive your order. If you live outside of California, please allow three w eeks to receive your order.

By mail – Write to:

TAX FORM S REQUEST UNIT FRANCHISE TAX BOARD PO BOX 307

RANCHO CORDOVA CA 95741- 0307

General Toll- Free Phone Service

Our general toll- free phone ser vice is available M onday through Friday, from 7 a.m . until

8p.m and from 8 a.m . until 5 p.m . on Saturdays.

Note: We m ay m odify these hours w ithout notice to m eet operational needs.

Assistance for persons with disabilities The FTB com plies w ith the Am ericans w ith Disabilities Act. Persons w ith hearing or speech im pairm ents call:

From voice phone

(California Relay Ser vice) . . . . (800) 735- 2922

From TTY/TDD (Direct line to FTB

custom er service) . . . . . . . . (800) 822- 6268

For all other assistance or

special accom m odations . . (800) 852- 5711