California Tax Form 100 Fill in and Calculate California State tax Online

California Tax Form 100: California Corporation Franchise or Income Tax Return

Use the California Tax Form Calculator California Tax Form 100: California Corporation Franchise or Income Tax Return as a stand alone tax form calculator to quickly calculate specific amounts for your 2024 California state tax return.

California Corporation Franchise or Income Tax Return
A	FINAL RETURN? Dissolved Surrendered (withdrawn) Merged/Reorganized IRC Section 338 sale QSub election Enter date (mm/dd/yyyy)
B	1. Is income included in a combined report of a unitary group?									Yes No
	If “Yes,” indicate: Wholly within CA (R&TC 25101 .15) Within and outside of CA
	2. Is there a change in the members listed in Schedule R-7 from the prior year? .									Yes No
	3. Enter the number of members (including parent or key corporation) listed in the Schedule R-7, Part I, Section A, subject to income or franchise tax
	4. Is form FTB 3544 and/or 3544A attached to the return?									Yes No
C	1. During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this corporation or any of its subsidiaries that owned California real property (i .e ., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term?									Yes No
	2. During this taxable year, did this corporation or any of its subsidiaries acquire control or majority ownership (more than a 50% interest) in another legal entity that owned California real property (i .e ., land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term?									Yes No
	3. During this taxable year, has more than 50% of the voting stock of this corporation cumulatively transferred in one or more transactions after an interest in California real property (i .e ., land, buildings) was transferred to it that was excluded from property tax reassessment under R&TC Section 62(a)(2) and it was not reported on a previous year’s tax return?									Yes No
	(Yes requires filing of statement, penalties may apply – see instructions.)
State Adjustments	1	Net income (loss) before state adjustments . See instructions							1
	2	Amount deducted for foreign or domestic tax based on income or profits from Schedule A							2
	3	Amount deducted for tax under the provisions of the Corporation Tax Law from Schedule A							3
	4	Interest on government obligations							4
	5	Net California capital gain from Side 6, Schedule D, line 11							5
	6	Depreciation and amortization in excess of amount allowed under California law . Attach form FTB 3885							6
	7	Net income from corporations not included in federal consolidated return . See instructions							7
	8	Other additions . Attach schedule(s)							8
	9	Total. Add line 1 through line 8							9
	10	Intercompany dividend deduction . Attach Schedule H (100)					10
	11	Dividends received deduction . Attach Schedule H (100)					11
	12	Additional depreciation allowed under CA law . Attach form FTB 3885					12
	13	Capital gain from federal Form 1120, line 8					13
	14	Contributions					14
	15	Other deductions . Attach schedule(s)					15
	16	Total. Add line 10 through line 15							16
	17	Net income (loss) after state adjustments. Subtract line 16 from Side 1, line 9							17
CA Net Income	18	Net income (loss) for state purposes. Complete Schedule R if apportioning or allocating income. See instructions .							18
	19	Net operating loss (NOL) deduction. See instructions					19
	20	EZ, LARZ, TTA, or LAMBRA NOL carryover deduction. See instructions					20
	21	Disaster loss deduction. See instructions					21
	22	Net income for tax purposes . Combine line 19 through line 21 . Then, subtract from line 18							22
Taxes	23	Tax. % x line 22 (at least minimum franchise tax, if applicable). See instructions							23
	24	Credit name code amount ▸					24
	25	Credit name code amount ▸					25
	26	To claim more than two credits, see instructions					26
	27	Add line 24 through line 26							27
	28	Balance. Subtract line 27 from line 23 (at least minimum franchise tax, if applicable)							28
	29	Alternative minimum tax. Attach Schedule P (100) . See instructions							29
	30	Total tax. Add line 28 and line 29.							30
Payments	31	Overpayment from prior year allowed as a credit					31
	32	2017 Estimated tax payments. See instructions					32
	33	2017 Withholding (Form 592-B and/or 593). See instructions					33
	34	Amount paid with extension of time to file tax return					34
	35	Total payments. Add line 31 through line 34							35
Refund or Amount Due	36	Use tax. This is not a total line. See instructions					36
	37	Payments balance. If line 35 is more than line 36, subtract line 36 from line 35							37
	38	Use tax balance. If line 36 is more than line 35, subtract line 35 from line 36							38
	39	Franchise or income tax due. If line 30 is more than line 37, subtract line 37 from line 30							39
	40	Overpayment. If line 37 is more than line 30, subtract line 30 from line 37							40
	41	Amount of line 40 to be credited to 2018 estimated tax							41
	42	Refund. Subtract line 41 from line 40 See instructions to have the refund directly deposited .							42
		42a. Routing number
		42b. Type Checking Savings
		42c. Account number
	43	a Penalties and interest							43a
		b Check if estimate penalty computed using Exception B or C on form FTB 5806 . See instructions.
	44	Total amount due. Add line 38, line 39, line 41, and line 43a. Then, subtract line 40 from the result							44
Schedule Q Questions (continued from Side 1)
D	If the corporation filed on a water’s-edge basis pursuant to R&TC Sections 25110 and 25113 in previous years, enter the date the water’s-edge election ended
E	Was the corporation’s income included in a consolidated federal return?									Yes No
F	Principal business activity code. (Do not leave blank):
	Business activity
	Product or service
G	Date incorporated (mm/dd/yyyy): Where: State Country
H	Date business began in California or date income was first derived from California sources (mm/dd/yyyy)
I	First return? Yes No If “Yes” and this corporation is a successor to a previously existing business, check the appropriate box .
	(1) Sole proprietorship (2) Partnership (3) Joint venture (4) Corporation (5) Other
	(Attach statement showing name, address, and FEIN/SSN/ITIN of previous business .)
J	“Doing business as” name. See instructions:
K	At any time during the taxable year, was more than 50% of the voting stock:
	1. Of the corporation owned by any single interest?									Yes No
	2. Of another corporation owned by this corporation?									Yes No
	3. Of this and one or more other corporations owned or controlled, directly or indirectly, by the same interests?									Yes No
	If 1 or 3 is “Yes,” enter the country of the ultimate parent
If 1, 2, or 3 is “Yes,” furnish a statement of ownership indicating pertinent names, addresses, and percentages of stock owned. If the owner(s) is an individual, provide the SSN/ITIN .
L	Has the corporation included a reportable transaction or listed transaction within this return? (See instructions for definitions) If “Yes,” complete and attach federal Form 8886 for each transaction.									Yes No
M	Is this corporation apportioning or allocating income to California using Schedule R?									Yes No
N	How many affiliates in the combined report are claiming immunity from taxation in California under Public Law 86-272?
O	Corporation headquarters are (1) Within California (2) Outside of California, within the U.S. (3) Outside of the U.S.
P	Location of principal accounting records
Q	Accounting method: (1) (2) (3)
R	Does this corporation or any of its subsidiaries have a Deferred Intercompany Stock Account (DISA)?									Yes No
	If “Yes,” enter the total balance of all DISAs $
S	Is this corporation or any of its subsidiaries a RIC?									Yes No
T	Is this corporation treated as a REMIC for California purposes?									Yes No
U	Is this corporation a REIT for California purposes?									Yes No
V	Is this corporation an LLC or limited partnership electing to be taxed as a corporation for federal purposes?									Yes No
	If “Yes”, enter the effective date of the election (mm/dd/yyyy)
W	Is this corporation to be treated as a credit union?									Yes No
X	Is the corporation under audit by the IRS or has it been audited by the IRS in a prior year?									Yes No
Y	Have all required information returns (e .g . federal Forms 1099, 5471, 5472, 8300, 8865, etc .) been filed with the Franchise Tax Board?								N/A Yes No
Z	Does the taxpayer (or any corporation of the taxpayer’s combined group, if applicable) own 80% or more of the stock of an insurance company?									Yes No
AA	Did the corporation file the federal Schedule UTP (Form 1120)?									Yes No
BB	Does any member of the combined report own an SMLLC or generate/claim credits that are attributable to an SMLLC?									Yes No
CC	1. Did this corporation, or any corporation in a combined reporting group, receive any qualified health care service plan income that is excluded from gross income for state purposes (R&TC Section 24330)?									Yes No
	2. Is this corporation’s, or any corporation in a combined reporting group’s, only source of income qualified health care service plan income that is excluded from gross income under R&TC Section 24330 for the taxable year?									Yes No
Schedule A Taxes Deducted. Use additional sheet(s) if necessary.
(a) Nature of tax					(b) Taxing authority		(c) Total amount		(d) Nondeductible amount


Total. Enter total of column (c) on Schedule F, line 17, and total of column (d) on Side 1, line 2 or line 3. If the corporation uses California computation method to compute the net income, see instructions.
Schedule F Computation of Net Income. See instructions.
Income	1	a) Gross receipts or gross sales
		b) Less returns and allowance c) Balance							1c
	2	Cost of goods sold . Attach federal Form 1125-A (California Schedule V)							2
	3	Gross profit. Subtract line 2 from line 1c							3
	4	Total dividends. Attach federal Schedule C, (California Schedule H (100))							4
	5	a) Interest on obligations of the United States and U.S. instrumentalities							5a
		b) Other interest. Attach schedule							5b
	6	Gross rents							6
	7	Gross royalties							7
	8	Capital gain net income. Attach federal Schedule D (California Schedule D)							8
	9	Ordinary gain (loss). Attach federal Form 4797 (California Schedule D-1)							9
	10	Other income (loss). Attach schedule							10
	11	Total income. Add line 3 through line 10							11
Deductions	12	Compensation of officers. Attach federal Form 1125-E or equivalent schedule					12
	13	Salaries and wages (not deducted elsewhere)					13
	14	Repairs and maintenance					14
	15	Bad debts					15
	16	Rents					16
	17	Taxes (California Schedule A). See instructions					17
	18	Interest. Attach schedule					18
	19	Contributions. Attach schedule					19
	20	Depreciation. Attach federal Form 4562 and FTB 3885			20
	21	Less depreciation claimed elsewhere on return			21a		21b
	22	Depletion. Attach schedule					22
	23	Advertising					23
	24	Pension, profit-sharing plans, etc.					24
	25	Employee benefit plans					25
	26	a) Total travel and entertainment
		b) Deductible amounts					26b
	27	Other deductions. Attach schedule					27
	28	Specific deduction for organizations under R&TC Section 23701r or 23701t. See instructions					28
	29	Total deductions. Add line 12 through line 28							29
	30	Net income before state adjustments. Subtract line 29 from line 11 . Enter here and on Side 1, line 1							30
Schedule J Add-On Taxes and Recapture of Tax Credits. See instructions
1	LIFO recapture due to S corporation election, IRC Sec. 1363(d) deferral: $								1
2	Interest computed under the look-back method for completed long-term contracts (Attach form FTB 3834)								2
3	Interest on tax attributable to installment: a Sales of certain timeshares and residential lots								3a
	b Method for nondealer installment obligations								3b
4	IRC Section 197(f)(9)(B)(ii) election.								4
5	Credit recapture name:								5
6	Combine line 1 through line 5, revise Side 2, line 39 or line 40, whichever applies, by this amount . Write “Schedule J” to the left of line 39 or line 40								6
Schedule V Cost of Goods Sold
1	Inventory at beginning of year								1
2	Purchases								2
3	Cost of labor								3
4	a Additional IRC Section 263A costs. Attach schedule								4a
	b Other costs. Attach schedule								4b
5	Total. Add line 1 through line 4b								5
6	Inventory at end of year								6
7	Cost of goods sold. Subtract line 6 from line 5. Enter here and on Side 4, Schedule F, line 2								7
Method of inventory valuation ▸
Was there any change in determining quantities, costs of valuations between opening and closing inventory?									Yes No
If “Yes,” attach an explanation
Enter California seller’s permit number, if any ▸
Check if the LIFO inventory method was adopted this taxable year for any goods. If checked, attach federal Form 970
If the LIFO inventory method was used for this taxable year, enter the amount of closing inventory under LIFO
Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the corporation?									Yes No
The corporation may not be required to complete Schedules L, M-1, and M-2. See Schedule M-1 instructions for reporting requirements.
Schedule L Balance Sheet					Beginning of taxable year			End of taxable year
Assets					(a)	(b)		(c)		(d)
1	Cash
2	a Trade notes and accounts receivable
	b Less allowance for bad debts
3	Inventories
4	Federal and state government obligations
5	Other current assets. Attach schedule(s)
6	Loans to stockholders/officers. Attach schedule
7	Mortgage and real estate loans
8	Other investments. Attach schedule(s)
9	a Buildings and other fixed depreciable assets
	b Less accumulated depreciation
10	a Depletable assets
	b Less accumulated depletion
11	Land (net of any amortization)
12	a Intangible assets (amortizable only)
	b Less accumulated amortization
13	Other assets. Attach schedule(s)
14	Total assets
Liabilities and Stockholders’ Equity
15	Accounts payable
16	Mortgages, notes, bonds payable in less than 1 year
17	Other current liabilities. Attach schedule(s)
18	Loans from stockholders. Attach schedule(s)
19	Mortgages, notes, bonds payable in 1 year or more
20	Other liabilities. Attach schedule(s)
21	Capital stock: a Preferred stock
	b Common stock
22	Paid-in or capital surplus. Attach reconciliation
23	Retained earnings – Appropriated. Attach schedule
24	Retained earnings – Unappropriated
25	Adjustments to shareholders’ equity . Attach schedule
26	Less cost of treasury stock
27	Total liabilities and stockholders’ equity
Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return. If the corporation completed federal Schedule M-3 (Form 1120 /1120-F), see instructions .
1	Net income per books
2	Federal income tax
3	Excess of capital losses over capital gains
4	Taxable income not recorded on books this year (itemize)
5	Expenses recorded on books this year not deducted in this return (itemize)
	a	Depreciation $
	b	State taxes $
	c	Travel and entertainment $
	d	Other $
	e	Total. Add line 5a through line 5d
6	Total. Add line 1 through line 5e
7	Income recorded on books this year not included in this return (itemize)
	a	Tax-exempt interest $
	b	Other $
	c	Total. Add line 7a and line 7b
8	Deductions in this return not charged against book income this year (itemize)
	a	Depreciation $
	b	State tax refunds $
	c	Other $
	d	Total. Add line 8a through line 8c
9	Total. Add line 7c and line 8d
10	Net income per return. Subtract line 9 from line 6
Schedule M-2 Analysis of Unappropriated Retained Earnings per Books (Side 5, Schedule L, line 24)
1	Balance at beginning of year
2	Net income per books
3	Other increases (itemize)
4	Total. Add line 1 through line 3
5	Distributions
	a	Cash
	b	Stock
	c	Property
6	Other decreases (itemize)
7	Total. Add line 5 and line 6
8	Balance at end of year. Subtract line 7 from line 4
Schedule D California Capital Gains and Losses
Part I Short-Term Capital Gains and Losses – Assets Held One Year or Less. Use additional sheet(s) if necessary
(a) Kind of property and description (Example, 100 shares of Z Co .)			(b) Date acquired (mm/dd/yyyy)	(c) Date sold (mm/dd/yyyy)	(d) Gross sales price		(e) Cost or other basis plus expense of sale		(f) Gain (loss) (d) less (e)
1




2	Short-term capital gain from installment sales from form FTB 3805E, line 26 or line 37								2
3	Unused capital loss carryover from 2016								3
4	Net short-term capital gain (loss). Combine line 1 through line 3								4
Part II Long-Term Capital Gains and Losses – Assets Held More Than One Year. Use additional sheet(s) if necessary .
5




6	Enter gain from Schedule D-1, line 9 and/or any capital gain distributions								6
7	Long-term capital gain from installment sales from form FTB 3805E, line 26 or line 37								7
8	Net long-term capital gain (loss). Combine line 5 through line 7								8
9	Enter excess of net short-term capital gain (line 4) over net long-term capital loss (line 8)								9
10	Net capital gain. Enter excess of net long-term capital gain (line 8) over net short-term capital loss (line 4)								10
11	Total lines 9 and 10. Enter here and on Form 100, Side 1, line 5. If losses exceed gains, carry forward losses to 2018								11

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