California Prison Inmate Labor Credit
Extracted from PDF file 2021-california-form-3507.pdf, last modified November 2021
More about the California Form 3507 Corporate Income Tax Tax Credit
We last updated the Prison Inmate Labor Credit in March 2022, and the latest form we have available is for tax year 2021. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the California Franchise Tax Board. You can print other California tax forms here.
Other California Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 100-ES||Corporation Estimated Tax|
|3805-Z Booklet||Enterprise Zone Business Booklet|
|Form 541-ES Form||Estimated Tax for Fiduciaries|
|Form 100 Booklet||Corporation Tax Booklet - Form 100 Forms & Instructions|
|Form 3500||Exemption Application|
California usually releases forms for the current tax year between January and April. We last updated California Form 3507 from the Franchise Tax Board in March 2022.
Form 3507 is a California Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of California Form 3507
We have a total of eleven past-year versions of Form 3507 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2020 Form 3507 Prison Inmate Labor Credit
2019 Form 3507 Prison Inmate Labor Credit
2018 Form 3507 - Prison Inmate Labor Credit
2017 Form 3507 - Prison Inmate Labor Credit
2016 Form 3507 - Prison Inmate Labor Credit
2015 Form 3507 -- Prison Inmate Labor Credit
2014 Form 3507 -- Prison Inmate Labor Credit
2013 Form 3507 -- Prison Inmate Labor Credit
While we do our best to keep our list of California Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.