Form 100S, Franchise or Income Tax Return (2020)

What Is a Form 100S, Franchise or Income Tax Return?

A Form 100S, Franchise or Income Tax Return is a document that California S Corporations must file annually with the California Franchise Tax Board. It is used to report the income, deductions, and credits of the corporation and calculate the amount of tax owed to the state.

How To Fill Out the Form 100S, Franchise or Income Tax Return Online

You can file form 100S online by using an online service called PDFliner. Here are the California form 100s instructions to fill it out online:

1. Visit the PDFliner website.
2. Find and select form 100s California s corporation franchise or income tax return.
3. Click on the first blank field and start filling out the form.
4. Move from field to field using the "Tab" key or the mouse.
5. Use the "Undo" and "Redo" buttons if you make a mistake.
6. Save your progress periodically by clicking on "Save."
7. When you have finished filling out the form, click on "Done."
8. Preview your completed form and make any necessary changes.
9. Save the completed form to your computer.
10. Print and mail the form to the California Franchise Tax Board.

What Should the CA Tax Form 100S Include

The California form 100s return should include the following information:

• The name, address, and federal employer identification number of the S corporation.
• The beginning and end dates of the corporation's taxable year.
• The type of return being filed (original, amended, or final).
• The total income of the corporation, including gross receipts and other income.
• The total deductions of the corporation, including salaries, rent, and other expenses.
• The amount of tax owed to the state is based on the corporation's net income.
• Any credits or payments made to the state can be used to reduce the amount of tax owed.
• The signature of an authorized officer of the corporation.

When to Request the California 100S Form

Form 100S is a California Franchise Tax Board form used to file an income tax return for S Corporations in the state of California. Here are some situations when you may need to request form 100s California:

• You are an S Corporation doing business in California: If your corporation is classified as an S Corporation for federal tax purposes and conducts business in California, you will need to file Form 100S to report your California income taxes.
• Your S Corporation has a California source income: If your S Corporation earned any income from California sources, such as from business operations or rental property located in California, you may need to file Form 100S.
• You want to pay estimated taxes: If you are an S Corporation and you want to make estimated tax payments for the current year, you may need to request Form 100S to calculate your estimated tax liability.
• You are required to file a tax return: If your S Corporation is required to file a tax return for federal income tax purposes, you may also be required to file a California tax return using Form 100S.
• You received a notice from the California Franchise Tax Board: If you received a notice from the California Franchise Tax Board requesting that you file a tax return, you will need to request Form 100S to file your tax return.

Also important to note that the above situations are not exhaustive and other circumstances may also require the filing of tax form 100s. It is recommended to consult with a tax professional or the California Franchise Tax Board for specific guidance.