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Screen CAOtherS - California Other Information (1120)

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Schedule Q Questions

Final return: Effective date of final return
If this is a final California corporation franchise tax or income tax return, enter the code corresponding to the reason for the final return. Select a code from the dropdown or enter a code directly. Enter
1
 for Dissolved;
2
 for Surrendered (Withdrawn);
3
 for Merged / Reorganized;
4
 for IRC Section 338 sale; and
5
 for QSub election.
note
Returns marked as final in the previous year won’t proforma to the current year. If the federal return is marked as final, the client won’t appear in the list of clients that are available to proforma.
Change in control if corporation owned or leased certain real property?
Select a code from the dropdown or enter a code directly. Enter
1
 for Yes or
2
 for No. If you leave this blank, the application marks the corresponding No box on Form 100S, Side 2.
The detailed text of the question is: During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50% interest) of this corporation or any of its subsidiaries that owned California real property (that is, land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term?
Acquire control of entity that owned or leased certain real property?
Select a code from the dropdown or enter a code directly. Enter
1
 for Yes or
2
 for No. If you leave this blank, the application marks the corresponding No box on Form 100S, Side 2.
The detailed text of the question is: During this taxable year, did this corporation or any of its subsidiaries acquire control or majority ownership (more than a 50% interest) in another legal entity that owned California real property (that is, land, buildings), leased such property for a term of 35 years or more, or leased such property from a government agency for any term?
Majority of stock transferred real property excluded from reassessment?
Select a code from the dropdown or enter a code directly. Enter
1
 for Yes or
2
 for No. If you leave this blank, the application marks the corresponding No box on Form 100S, Side 2.
The detailed text of the question is: During this taxable year, has more than 50% of the voting stock of this corporation cumulatively transferred in one or more transactions after an interest in California real property (that is, land, buildings) was transferred to it that was excluded from property tax reassessment under R&TC Section 62(a)(2) and it was not reported on a previous year’s tax return?
Location of principal accounting records: Address / City, state, ZIP Code
Enter the address of the location of principal accounting records, if different from the corporate address. If you enter data here, you'll need to complete all 4 boxes for an address in the U.S. If you enter an address outside of the U.S., enter (a period) for
State
to indicate a foreign address. If you enter an address in the U.S., do
not
enter any data for
Country code
.
Location of principal accounting records: Foreign country
Enter the two-letter code for the country or U.S. possession of the country of incorporation. Enter the code directly here or select a code from the dropdown. The application updates this based on the code in this box. If you leave it blank, the application assumes the location of principal accounting records is in the U.S.
note
Do
not
enter U.S. in this box.

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