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1. • • California corporations that are unitary in nature can elect to file a combined return using the regular Form 100, or Form 100W, Water's-Edge Filers. The election is made on Schedule R-7, Election to File a Unitary Taxpayer's Group Return.
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     Filing a California combined return in Lacerte - Intuit

2. People also ask

   How does California tax a unitary business?

   • If two or more corporations are engaged in a unitary business and derive income from sources within and outside of California, the members of the unitary group that are subject to California’s franchise or income tax are required to apportion the combined income of the entire unitary group in order to compute the measure of tax.

   2021 Corporation Tax Booklet 100 | FTB.ca.gov - Franchise Tax Board

   www.ftb.ca.gov/forms/2021/2021-100-booklet.html

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   What forms are required to file a California tax return?

   • Corporations filing Form 100, California Corporation Franchise or Income Tax Return, including combined reports and certain accompanying forms and schedules. Corporations filing Form 100X, Amended Corporation Franchise or Income Tax Return. Exempt homeowners associations and exempt political organizations filing Form 100.

   2021 Corporation Tax Booklet 100 | FTB.ca.gov - Franchise Tax Board

   www.ftb.ca.gov/forms/2021/2021-100-booklet.html

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   Does a unitary group have to include CA in state returns?

   • All members of the unitary group have to include CA in their state returns. For further instructions, see FTB Pub.1061, Guidelines for Corporations Filing a Combined Report. An NOL due to a disaster hasn't been suspended. In a subsequent year, when a member of the group has , the .

   Filing a California combined return in Lacerte - Intuit

   accountants.intuit.com/support/en-us/help-article/corporation/filing-california-combined-return-lacerte/L8Zds0ZJi_US_en_US

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   How do I file a unitary group tax return?

   • Members of a unitary group may elect to file a single group return by filing Schedule R-7, Election to File a Unitary Taxpayers’ Group Return. For more information, get Schedule R and go to Side 6 for Schedule R-7. Attach the Schedule R behind the California tax return and prior to the supporting schedules.

   2021 Corporation Tax Booklet 100 | FTB.ca.gov - Franchise Tax Board

   www.ftb.ca.gov/forms/2021/2021-100-booklet.html

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3. www.ftb.ca.gov › forms › 20212021 Instructions for Schedule R | FTB.ca.gov

   www.ftb.ca.gov › forms › 2021

   • Cached

   forms. 2021 100 r instructions. 2021 Instructions for Schedule R Apportionment and Allocation of Income. On this page. General Information. A. Apportionment and Allocation. B. Individuals. C. Partnerships and Limited Liability Companies. D. Water’s-Edge Filers. E. Property Factor. F. Payroll Factor. G. Sales Factor.

4. taxnews.ey.com › news › 2021-2017-californiaCalifornia Franchise Tax Board issues legal ruling on unitary ...

   taxnews.ey.com › news › 2021-2017-california

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   California Franchise Tax Board issues legal ruling on unitary apportionment principles for pass-through entities and their owners. On October 25, 2021, the California Franchise Tax Board (FTB) issued Legal Ruling 2021-01, Unity of Apportioning Pass-through Entities (Ruling), on how to apply unitary business principles to pass-through entities ...

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6. www.ftb.ca.gov › forms › 20212021 Corporation Tax Booklet 100 | FTB.ca.gov

   www.ftb.ca.gov › forms › 2021

   • Cached

   Form 100 is California’s tax return for corporations, banks, financial corporations, real estate mortgage investment conduits (REMICs), regulated investment companies (RICs), real estate investment trusts (REITs), Massachusetts or business trusts, publicly traded partnerships (PTPs), exempt homeowners’ associations (HOAs), political action ...

7. accountants.intuit.com › support › en-usFiling a California combined return in Lacerte - Intuit

   accountants.intuit.com › support › en-us

   • Cached

   Jan 8, 2024 · California corporations that are unitary in nature can elect to file a combined return using the regular Form 100, or Form 100W, Water's-Edge Filers. The election is made on Schedule R-7, Election to File a Unitary Taxpayer's Group Return.

8. allenbarron.com › californias-unitary-method-ofCalifornia's Unitary Method of Taxation Across State and ...

   allenbarron.com › californias-unitary-method-of

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   Feb 19, 2021 · California bases its taxation upon the “unitary method” which combines the total corporate income of a multi-state or multi-national corporation, then applies a formula designed to determine the total amount of income the corporation realized within California.

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10. sftaxcounsel.com › california-waters-edge-electionCalifornia Water’s Edge Election | SF Tax Counsel

    sftaxcounsel.com › california-waters-edge-election

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    For California tax purposes, a water’s-edge group includes the following members of the unitary group: 1) corporations whose average property, payroll, and sales factor in the United States is 20 percent or more; 2) corporations organized in the United States that have more than 50 percent of their stock controlled by the same interests; 3 ...