California FTB Releases Instructions for 2021 Form 100X, Amended Corporation Franchise, Income Tax Return

The California Franchise Tax Board (FTB) Jan. 20 released updated instructions for 2021 Form 100X, Amended Corporation Franchise or Income Tax Return, for corporate income and individual income tax purposes. Taxpayers must use Form 100X to amend a previously filed Form 100, California Corporation Franchise or Income Tax Return, Form 100S, California S Corporation Franchise or Income Tax Return, or Form 100W, California Corporation Franchise or Income Tax Return - Water’s-Edge Filers, and it can be filed only after filing the original tax return. The instructions include information on: 1) business e-file; 2) the deployed military exemption, net operating loss ...