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Changes to 2008 Forms

Updates to 2008 Form 100X, Amended Corporation Franchise or Income Tax Return Instructions

The revised Internet version is available for download as of 01/28/2009.

Revision Details: The current Form 100X's instructions indicate that corporations that meet certain requirement must remit all of their payments through EFT rather than by paper checks. These instructions are not clearly stating that the first payment of $20,000 or total tax liability of $80,000 does not need to be submitted electronically. We revised the instructions to clarify that once the corporation meets the EFT threshold requirements, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty.

  • This update is located on page 2, column 2, under Part IV.

Previously read:

Electronic Funds Transfer (EFT) Corporations that meet certain requirements must remit all of their payments through EFT rather than by paper check or money order to avoid a 10% non-compliance EFT penalty. The FTB notifies the corporation once they meet the requirements. A corporation required to pay its taxes through EFT must make all payments by EFT, even if the tax due on the original tax return was paid by check or money order. Indicate which taxable year the payment should be applied to when paying by EFT.

Revised to:

Electronic Funds Transfer (EFT) Corporations that remit an estimated tax payment or extension payment in excess of $20,000 or that have a total tax liability in excess of $80,000 must remit all of their payments through EFT. Once a corporation meets the threshold, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty. The FTB notifies the corporation once they meet the requirements. A corporation required to pay its taxes through EFT must make all payments by EFT, even if the tax due on the original tax return was paid by check or money order. Indicate which taxable year the payment should be applied to when paying by EFT.

This revision does not impact tax liability.

Back to Tax Form Changes for 2008