lingqingmeng / reaction

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Submit Statement of Information to Tax Board and Secretary #1

Open decentral-foundation opened 2 years ago

decentral-foundation commented 2 years ago

This is a quick and easy item, though I'd like a second opinion confirming the legal details on this.

Deliverable:

decentral-foundation commented 2 years ago

Doing Business in California and Other States Corporations that do business in California and other states must apportion their unitary business income using Schedule R, Apportionment, and Allocation of Income.

Example: In 2000, David's Toy, Inc., a Nevada corporation, opens an office in California. Since the corporation is doing business in both Nevada and California, it must file a California Form 100 and use Schedule R to apportion income between the two states.

https://www.taxes.ca.gov/corpC.html

Action items

  1. Download https://www.ftb.ca.gov/forms/2020/2020-100.pdf until ambiguity is resolved involving whether a foreign corporation is subject to same issues as a Delaware 60 day issue 📂
  2. Review the wiki