Form 100, 100S, 100W, or 100X - Franchise Tax Board - CA 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the taxable year at the top of the form. Specify if it's for a calendar year or a fiscal year by filling in the appropriate dates.
  3. Fill in your corporation's name and California corporation number. If applicable, provide additional information such as your Secretary of State file number and address details.
  4. Answer the questions regarding IRS filings and audits. This section helps clarify your corporation's tax situation.
  5. Proceed to Part I where you will report net income, deductions, and any adjustments. Ensure accuracy as this affects your tax computation.
  6. In Part II, calculate your tax based on net income and apply any relevant credits. Follow the instructions carefully to avoid errors.
  7. Complete Parts III and IV for payments, overpayments, and any amounts due or refunds expected. Double-check all calculations.
  8. Finally, sign and date the form in the designated area to validate your submission before saving or exporting it from our platform.

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Form 100S is used if a corporation has elected to be a small business corporation (S corporation). All federal S corporations subject to California laws must file Form 100S and pay the greater of the minimum franchise tax or the 1.5% income or franchise tax. The tax rate for financial S corporations is 3.5%.
California allows corporations to elect to compute income attributable to CA sources on a waters edge combined report (Form 100W, instead of Form 100). This election results in the exclusion of affiliated foreign corps from the combined CA report, since they are usually not subject to CA tax.
Use Form 100X to amend a previously filed Form 100, California Corporation Franchise or Income Tax Return; Form 100W, California Corporation Franchise or Income Tax Return Waters-Edge Filers; or Form 100S, California S Corporation Franchise or Income Tax Return.
C corporations filing on a waters-edge basis are required to use Form 100W to file their California tax returns. In general, waters-edge rules provide for an election out of worldwide combined reporting.