Form 14 - Idaho Water'S Edge Election And Consent Form printable pdf download

IDAHO WATER’S EDGE ELECTION AND CONSENT FORM

A00390

11-06-00

Name as shown on return

Federal employer identification number

Calendar year ________ or fiscal year ending _________________________________

Attach this form to the Idaho Corporation Income Tax Return, Form 41, for the first year the election is

made. For subsequent years a new election and consent form is necessary only if a corporation with an

Idaho filing requirement is added to the water’s edge combined group.

ELECTION

We elect to determine the income derived from, or attributed to, sources within Idaho, pursuant to

a Water’s Edge Election.

CONSENT

By electing the water’s edge method, we agree to identify the water’s edge combined group and

those of its affiliates of which more than 20% of the voting stock is directly or indirectly owned or

controlled by a common owner or owners.

In order to receive the 85% dividend exclusion, we consent to file the Idaho Domestic Disclosure

Spreadsheet (Spreadsheet) no later than six months after filing our Idaho Corporation Income Tax

Return. We also agree to provide the required information and supporting documents as requested

regarding the income reported to each state that requires unitary combined reporting for the year,

the tax liability for each such state, the method used for allocating or apportioning income to such

states, and the property, payroll, and destination sales in each state.

If we elect to forego filing the Spreadsheet, we will receive an 80% dividend exclusion. An election

to forego filing the Spreadsheet will be made by checking the "Yes" box on Form 41, Idaho Corpo-

ration Income Tax Return.

CHANGE OF METHOD

We understand that the Water’s Edge Election is binding and may be changed only with written

permission from the Tax Commission. A written petition requesting the change of reporting method

must be filed at least 30 days prior to the due date for filing the tax return not including extensions

of time to file.

REVOCATION - ADJUSTMENT

Failure to provide the required information and supporting documents may result in revocation of

the Water’s Edge Election or recomputation of the Water’s Edge combined income and apportion-

ment factors as well as the imposition of penalties.

JOINT ELECTION

List the separate corporations included in the Water’s Edge combined group that are required to file

in Idaho.

Corporation Name

Corporation’s Federal E.I.N.

AUTHORIZED SIGNATURE

I am authorized to bind the corporation (corporations) named above to this Water’s Edge Election

and Consent.

Signature

Date

Title

Form 14 - Idaho Water'S Edge Election And Consent Form

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