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Changes to 2013 Forms

Updates to the Form 100-ES Instructions on 05/07/2013 –– Instructions for 100-ES Form, Corporation Estimated Tax

We replaced text on Page 1 on:

  1. Column 1, What’s New
  2. Column 2, Paragraph 3, Single-Sales Factor Formula

Previous Version

  1. What’s New

    If a limited liability company (LLC) elects to be taxed as a corporation for federal tax purposes, the LLC must file a Form 100-ES and enter the California corporation number, federal employer identification number (FEIN), and California Secretary of State file number (CA SOS), if applicable, in the space provided. The Franchise Tax Board (FTB) will (1) assign an identification number upon receipt of the first estimated tax payment, tax payment, or the first tax return. The LLC will be subject to the applicable provisions of the Corporation Tax Law and should be considered a corporation for purpose of all instructions unless otherwise indicated.
  2. Single-Sales Factor Formula – For taxable years beginning on or after January 1, 2011, any apportioning trade or business, other than an apportioning trade or business, other than an apportioning trade or business under California Revenue and Taxation Code (R&TC) Section 25128(b), may make an irrevocable annual election on an original timely filed return to apportion California business income using the single-sales factor formula. For more information, get Schedule R, Apportionment and Allocation of Income.

Revised Version

  1. What’s New

    Single-Sales Factor Formula – For taxable years beginning on or after January 1, 2013, Revenue and Taxation Code (R&TC) Section 25128.7 requires all business income of an apportioning trade or business, other than an apportioning trade or business under (R&TC) Section 25128(b), to apportion its business income to California using the single-sales factor formula. See (R&TC) Section 25128.7 for more information.

    Limited Liability Company - If a limited liability company (LLC) elects to be taxed as a corporation for federal tax purposes, the LLC must file a Form 100-ES and enter the California corporation number, federal employer identification number (FEIN), and California Secretary of State file number (CA SOS), if applicable, in the space provided. The Franchise Tax Board (FTB) will (1) assign an identification number upon receipt of the first estimated tax payment, tax payment, or the first tax return. The LLC will be subject to the applicable provisions of the Corporation Tax Law and should be considered a corporation for purpose of all instructions unless otherwise indicated.
  2. Note: text deleted.

Reason for the changes

The passage of Proposition 39 repealed an elective single-sales factor formula provision and added R&TC Section 25128.7. This new section provides that for taxable years beginning on or after January 1, 2013, apportioning trade or businesses (with certain exceptions described in R&TC 25128(b)) are now required to use the single-sales factor.

Impact

This revision may change the amount of estimated tax that is due for taxable years beginning on or after January 1, 2013.

Back to Tax Form Changes for 2013

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