Help with corporations

Bank and finance companies

The annual financial tax rate for banks and finance companies is set at 2% above the corporation tax rate.

Visit the Bank and Financial Handbook for more information.

Real estate investment trusts (REITs)

To create a real estate investment trusts (REITs) you must contact the IRS. File U.S. Corporation Income Tax Return (IRS Form 1120).

Filing requirements

If you are a REIT, file California Corporation Franchise or Income Tax Return (Form 100) and check the REIT box on side 3.

Visit Instructions for California Corporation Franchise or Income Tax Return (100 Booklet) for more information.

Qualified Subchapter S Subsidiaries (QSub) and parents

A Q Sub is a domestic corporation that is a 100% owned subsidiary of an S corporation.

A parent S corporation (foreign or domestic) can own qualified subsidiaries (other S corporations).

Minimum franchise tax

Your minimum franchise tax is due and payable when your parent S corporation’s first estimated tax payment is due.

The parent S corporation pays the franchise tax for the Qsub.

Visit S corporation due dates for more information.

Contact us about Corporations

(800) 852-5711
(916) 845-6500 (outside the U.S.)
Weekdays, 7 AM to 5 PM
Chat with a representative
Weekdays, 7 AM to 5 PM
Franchise Tax Board
PO Box 942840
Sacramento CA 94240-0040