California Tax Filings for Various Incarnations of One Organization - Spidell

California Tax Filings for Various Incarnations of One Organization

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Message Board California Tax Filings for Various Incarnations of One Organization

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 1 week, 5 days ago.

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  • #176148
    Anonymous

    Question:  Is there any way to consolidate the CA corporate filings in the following situation?

    All of the following entities are C Corporations. All of the corporations are a single business, owned 100% by one shareholder that moved out of California and then back to California within a twelve month period.    This was a F Type reorganization with no new federal ID number.  All revenues and payroll are California sourced.

    The taxpayer formed CA Corp A in California in the 1990s.  The taxpayer formed FL Corp B in Florida in 2018.  CA Corp A merged into FL Corp B in 2018.  The corporation then filed in California as a foreign corporation (CA Corp C) to qualify to do business in the state (new CA id number).

    The taxpayer then moved back to California and formed CA Corp D in California in 2018 with the intent of merging FL Corp B into CA Corp D.

    Therefore, we have three different California entities, and three id numbers, as filed with the CA Secretary of State.

    Again, is there any way to consolidate filings on the California side?

  • #176217
    Lynn Freer
    Participant

    See FTB Pub. 1061 GUidelines for Corporations Filing a Consolidated report on the FTB’s website. You need to go to forms and put 1061 in the search box to find it. FTB’s website is extremely bad but I found it that way. Spidell’s Online Research Service has this publication available and you don’t need to know the secret to finding it!