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Changes to 2012 Forms

Updates to the 100 Booklet on 03/02/2014 –– Corporation Tax Booklet

We replaced text on:

  1. Page 1, cover page, "This booklet contains" section
  2. Page 2, Table of Contents
  3. Page 5, Column 1, under "California law does not conform to federal law" list
  4. Page 5, Column 3, after "Records Maintenance Requirements" section
  5. Page 14, Column 1, Specific Instructions for Line 26a through Line 27
  6. Pages 35 and 36, replace blank pages with form FTB 3565 and Instructions

Previous Version

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  6. THIS PAGE INTENTIONALLY LEFT BLANK
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Revised Version

  1. FTB 3565, Small Business Stock Questionnaire
  2. FTB 3565, Small Business Stock Questionnaire . . . . . . . . . . . . . . . . . . . . . . . . . . .35
    Instructions for form FTB 3565 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
  3. The changes in the percentage of the gain exclusion for the sale of qualified small business stock acquired after February 17, 2009.
  4. Small Business Stock Questionnaire
    An information questionnaire form FTB 3565, Small Business Stock Questionnaire, is included in this booklet. The purpose of this questionnaire is to provide information regarding an issuance of stock pursuant to R&TC Section 18152.5. Corporations that issue stock intended to be qualified small business stock are required to attach form FTB 3565 to Form 100. See the instructions for form FTB 3565 for more information.
  5. Corporations claiming the following credits are not subject to the tentative minimum tax limitation:
    California motion picture and television production credit.
  6. Note: replaced two blank pages with form FTB 3565 and Instructions on Pages 35 and 36.

Reason for the changes

Items 1 – 4, and 6: AB 1412 (Stats.2013, ch. 546), signed by the Governor on October 4, 2013, retroactively allows the Qualified Small Business Stock (QSBS) deferral and 50 percent gain exclusion for tax years 2008 through 2012.

Item 5: AB 1173 (Chaptered 10/04/13) amended R&TC Section 23036 retroactively to allow corporate taxpayers to use the credit to reduce regular tax below tentative minimum tax for taxable years beginning on or after January 1, 2011.

Impact

Items 1 – 4, and 6: No tax impact.

Item 5: The amount of credit a corporate taxpayer can claim against tax liability may increase, thereby resulting in decreased tax liability.

Back to Tax Form Changes for 2012


Updates to the 100 Booklet on 03/15/2013 –– Corporation Tax Booklet

We replaced text on the Instructions, Page 15, Column 1, Line 41-Refund, Paragraph 3.

Previous Version

Line 41 –– Refund
Direct Deposit of Refund (DDR)
To cancel the DDR, call the FTB at 800.852.5711. The FTB is not responsible when a financial institution rejects a direct deposit. If the FTB, the bank, or financial institution rejects the direct deposit due to an error in the routing number or account number, the FTB will issue a paper check.

Revised Version

Line 41 –– Refund
Direct Deposit of Refund (DDR)
To cancel the DDR, call the FTB at 916.845.0353. The FTB is not responsible when a financial institution rejects a direct deposit. If the FTB, the bank, or financial institution rejects the direct deposit due to an error in the routing number or account number, the FTB will issue a paper check.

Reason for the changes

The 800.852.5711 is a taxpayer service number but is not a direct line. The direct line for taxpayers to call to cancel the direct deposit of refund is 916.845.0353.

Impact

No tax impact.

Back to Tax Form Changes for 2012