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TAXABLE YEAR 2010 CALIFORNIA FORM Waterside Election 100WE Sign Form 100WE and attach to the back of Form 100W, or Form 100S. Keep a copy for the corporations records. Corporation name Key California

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1. Citizens eligible to participate in the water s-edge election.
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What is water s-edge election?

Water's-edge election is a tax election that allows a corporation to include only income from sources within the United States in its state tax return.

Who is required to file water s-edge election?

Corporations that meet the requirements set by the state tax authorities are required to file a water's-edge election.

How to fill out water s-edge election?

To fill out a water's-edge election, corporations must complete the necessary forms provided by the state tax authorities and submit them by the deadline.

What is the purpose of water s-edge election?

The purpose of a water's-edge election is to limit the taxable income of a corporation to only income generated within the United States, thus potentially reducing its overall tax liability.

What information must be reported on water s-edge election?

Corporations must report information such as their income generated within the United States, deductions, credits, and any other relevant financial data.