Instructions For Form 100-Es - Corporation Estimated Tax - 2013


Instructions for 2013 Form 100-ES
Corporation Estimated Tax
References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2009, and to the California Revenue and Taxation Code (R&TC).
What’s New
Electronic Funds Transfer (EFT) – Corporations
Financial asset securitization investment trusts
remitting an estimated tax payment or extension
(FASITs) are subject to the $800 minimum tax. Get
Single-Sales Factor Formula – For taxable years
payment in excess of $20,000 or having a total
Form 100, California Corporation Tax Booklet, for
beginning on or after January 1, 2013, Revenue and
tax liability in excess of $80,000 must remit all
more information.
Taxation Code (R&TC) Section 25128.7 requires
payments through EFT. Once a corporation meets
C Where to Mail Estimated Tax
all business income of an apportioning trade or
the threshold, all subsequent payments regardless of
business, other than an apportioning trade or
amount, tax type, or taxable year must be remitted
Using black or blue ink, make the check or money
business under R&TC Section 25128(b), to apportion
electronically to avoid a 10% non-compliance
order payable to the “Franchise Tax Board.” Write the
its business income to California using the single-
penalty. Corporations required to remit payments
California corporation number, FEIN, and CA SOS, if
sales factor formula. See R&TC Section 25128.7 for
electronically may use Web Pay and be considered in
applicable and “2013 Form 100-ES” on the check or
more information.
compliance with that requirement. The FTB notifies
money order.
corporations that are subject to this requirement.
Limited Liability Company – If a limited liability
Make all checks or money orders payable in U.S.
Those that do not meet these requirements
company (LLC) elects to be taxed as a corporation
dollars and drawn against a U.S. financial institution.
may participate on a voluntary basis. For more
for federal tax purposes, the LLC must file
information, go to and search for eft or
Enclose, but do not staple, the payment with this
Form 100-ES and enter the California corporation
call 916.845.4025.
form and mail to:
number, federal employer identification number
(FEIN), and California Secretary of State file number
Web Pay – Corporations can make payments online
using Web Pay for Businesses. After a one-time
(CA SOS), if applicable, in the space provided.
PO BOX 942857
online registration, corporations can make an
The Franchise Tax Board (FTB) will (1) assign
SACRAMENTO CA 94257-0531
an identification number upon receipt of the first
immediate payment or schedule payments up
D Installment Due Dates and
estimated tax payment, tax payment, or the first
to a year in advance. Go to for more
tax return. The LLC will be subject to the applicable
provisions of the Corporation Tax Law and should
Doing Business – For taxable years beginning on
be considered a corporation for purpose of all
Newly Formed or Qualified Corporations. The
or after January 1, 2011, the definition for doing
instructions unless otherwise indicated.
estimated tax is payable in four installments. The
business in California has been expanded. For
installments are due and payable by the 15th day of
more information, get Form 100, 100W or 100S tax
Important Information
the 4th, 6th, 9th, and 12th month of the taxable year.
The amount of each installment is the applicable
• Corporations are required to pay the following
Private Mail Box (PMB) – Include the PMB in
percentage of the total estimated tax due (estimated
percentages of the estimated tax liability during
the address field. Write “PMB” first, then the box
income multiplied by the appropriate tax rate). See
the taxable year:
number. Example: 111 Main Street PMB 123
Important Information for the applicable percentage.
30% for the first required installment
When the due date falls on a weekend or holiday, the
A Purpose
40% for the second required installment
deadline to file and pay without penalty is extended
No estimated tax payment is required for the
to the next business day.
Use Form 100-ES to figure and pay estimated tax for
third installment
Franchise Tax Filers. If the amount of the estimated
a corporation. Estimated tax is the amount of tax the
30% for the fourth required installment
tax exceeds the minimum franchise tax and the
corporation expects to owe for the taxable year.
• For taxable years beginning on or after
QSub annual tax (if applicable), then the estimated
January 1, 2006, California conformed to federal
B Who Must Pay Estimated Tax
tax is payable in four installments. The installments
tax law in excluding the annual payments of the last
are due and payable by the 15th day of the 4th,
One or more payments of estimated tax are required
in-first out (LIFO) recapture tax from the computation
6th, 9th, and 12th month of the taxable year.
annually from each:
of estimated tax. Therefore, LIFO recapture amounts
The amount of each installment is the applicable
• Corporation incorporated or qualified under the
percentage of the total estimated tax due (estimated
are not included in the computation of an estimated
laws of California or doing business in California,
income multiplied by the appropriate tax rate). See
tax underpayment penalty.
whether active, inactive, or having income from
Important Information for the applicable percentage.
sources within California, unless otherwise
General Information
If the amount of estimated tax does not exceed the
provided by the Corporation Tax Law.
minimum franchise tax plus the QSub annual tax,
Use R&TC Section 19011, Sections 19021 through
• LLC or LP electing to be treated as a corporation
then the entire amount of the minimum tax and the
19027, and Sections 19142 through 19161 to
for tax purposes.
QSub annual tax is due as an estimate on or before
determine the estimated tax requirement for California.
• Bank and national banking association doing
the 15th day of the 4th month of the corporation’s
business in California.
taxable year. If an S corporation acquires a QSub
Use Form 100-ES, Corporation Estimated Tax, for
• Exempt organization or trust with unrelated
during the taxable year, but after the due date of
the calendar year ending December 31, 2013, or
business income.
the first estimate installment, the QSub annual tax
fiscal years ending in 2014. Complete Form 100-ES
• Exempt homeowners’ association with
is due with the next required installment after the
using black or blue ink. Check only one box on
non-exempt function income.
acquisition of the QSub. When the due date falls on
Form 100-ES to indicate if the estimate payment is
a weekend or holiday, the deadline to file and pay
for Form 100, Form 100W, Form 100S, or Form 109.
An S corporation that is a parent of a QSub is required
without penalty is extended to the next business day.
to pay the $800 annual tax for each QSub that is:
If the business entity does not owe any tax, do not
• Incorporated in California.
Income Tax Filers. The amount of the estimated tax
mail this form with a zero balance.
• Qualified to do business in California.
is payable in four installments. The installments are
• Doing business in California.
due and payable by the 15th day of the 4th, 6th, 9th,
Unless stated otherwise, the term “corporations,”
and 12th month of the taxable year. When the due
The QSub annual tax is due and payable when the
as used in Form 100-ES and in these instructions,
date falls on a weekend or holiday, the deadline to
S corporation’s first estimated tax payment is due.
includes banks, financial corporations, certain
file and pay without penalty is extended to the next
If the QSub is acquired during the taxable year, the
associations, regulated investment companies,
business day.
QSub annual tax is due with the S corporation’s
real estate investment trusts, exempt organizations
next estimated tax payment after the date of the
Short-Period Filers: A corporation with an
with unrelated business taxable income, exempt
QSub election or acquisition. The QSub annual tax is
accounting period of less than 12 months (short
homeowners’ associations with non-exempt function
subject to the estimated tax rules and penalties.
period) must pay estimated tax in the number of
income, LLCs and LPs that have elected to be
installments shown in the table on page 4.
taxed as corporations for federal tax purposes, and
Enter in the space for QSub Tax Amount the total
amount of QSub annual tax paid. Enter the estimated
S corporations.
Tax Rates
installment payment amount in the space for
To compute estimated tax installments, multiply
R&TC Section 19023 defines tax, for purposes
Estimated Tax Amount. Combine the two amounts
the estimated net income for tax purposes by the
of California estimate payments, to include
and enter the total payment of both QSub annual
applicable rate:
alternative minimum tax, S corporation taxes from
tax and regular estimated tax in the space for Total
• Corporations, use 8.84%.
Schedule D (100S), S Corporation Capital Gains
Installment Amount.
• S corporations, use 1.5%.
and Losses and Built-In Gains, and from the excess
• Banks and financial corporations, use 10.84%.
Real estate mortgage investment conduits (REMICs)
net passive income, the Qualified Subchapter
• Financial S corporations, use 3.5%.
S Subsidiary (QSub) annual tax, credit recapture,
are not required to pay estimated tax. However, use
• Exempt trusts, use personal income tax rate
and the minimum franchise tax. This definition of
this form to remit the minimum franchise tax due by
Schedule X (single) inside California 540/540A
tax does not conform to the federal definition of tax.
the 15th day of the 4th month of the taxable year.
Personal Income Tax Booklet.
Also, taxable income for S corporations includes
the R&TC Section 23802(e) deduction for passive
investment income and built-in gains.
Form 100-ES Instructions 2012 (REV 05-13) Page 1


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