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Idaho Free Printable Form 14, Water's Edge Election and Consent Form 2023 for 2024 Idaho Idaho Water's Edge Election and Consent

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Idaho Water's Edge Election and Consent
Form 14, Water's Edge Election and Consent Form 2023

Form 14 Water’s-Edge Election and Consent Form Name as shown on return Federal Employer Identification Number (EIN) Calendar year or fiscal year ending You must include this form with Form 41, Idaho Corporation Income Tax Return, the first year you make the water’s-edge election. For subsequent years, include Form 14 with your Idaho return only if a corporation with an Idaho filing requirement is added to or removed from the water’s-edge combined group during the tax year. Election We elect to determine the income derived from, or attributed to, sources within Idaho pursuant to a water’s-edge election. The filing of a valid water’s-edge election and consent by one member of the combined group is deemed to be a water’s-edge election for each member of the combined group, including corporations that become part of the combined group in later years while the election is in effect. Consent By electing the water’s-edge method, we agree to identify the water’s-edge combined group and those of its affiliates of which more than 20% of the voting stock is directly or indirectly owned or controlled by a common owner or owners. In order to receive the 85% dividend exclusion, we consent to file the Idaho Domestic Disclosure Spreadsheet (Spreadsheet) no later than six months after filing our Idaho Corporation Income Tax Return. We also agree to provide the required information and supporting documents as requested regarding the income reported to each state that requires unitary combined reporting for the year, the tax liability for each such state, the method used for allocating or apportioning income to such states, and the property, payroll, and destination sales in each state. If we elect not to file the Spreadsheet, we’ll receive an 80% dividend exclusion. Check the “Yes” box on Form 41, line 8b if electing not to file the Spreadsheet. Change of Method We understand that the water’s-edge election is binding and may be changed only with written permission from the Tax Commission. A written petition requesting the change of reporting method must be filed at least 30 days before the due date for filing the tax return, not including extensions of time to file. Mail the request to Tax Research, Idaho State Tax Commission, PO Box 36, Boise ID 83722-0410. Revocation - Adjustment We understand that not providing the required information and supporting documents may result in revocation of the water’s-edge election or recomputation of the water’s-edge combined income and apportionment factors as well as the imposition of penalties. Joint Election List the separate corporations included in the water’s-edge combined group that are required to file in Idaho. Use additional pages as needed. Corporation Name Corporation’s Federal EIN Authorized Signature I am authorized to bind the corporations named above to this water’s-edge election and consent. Signature Title EFO00166 Date 09-13-2023 
Extracted from PDF file 2023-idaho-form-14.pdf, last modified September 2023

More about the Idaho FORM 14 Corporate Income Tax TY 2023

We last updated the Idaho Water's Edge Election and Consent in February 2024, so this is the latest version of FORM 14, fully updated for tax year 2023. You can download or print current or past-year PDFs of FORM 14 directly from TaxFormFinder. You can print other Idaho tax forms here.

Other Idaho Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
FORM 41 Idaho Corporation Income Tax Return
FORM 66 Idaho Fiduciary Income Tax
FORM 65 Idaho Partnership Return of Income
FORM 67 Credit for Idaho Research Activities
FORM 41ESR Underpayment of Estimated Tax by Corporations

Download all ID tax forms View all 66 Idaho Income Tax Forms

Form Sources:

Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM 14 from the State Tax Commission in February 2024.

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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 Idaho FORM 14

We have a total of ten past-year versions of FORM 14 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2023 FORM 14

Form 14, Water's Edge Election and Consent Form 2023

2022 FORM 14

Form 14, Water's-Edge Election and Consent Form

2021 FORM 14

Form 14, Water's-Edge Election and Consent Form

2020 FORM 14

Form 14, Water's-Edge Election and Consent Form

2019 FORM 14

Form 14, Water's-edge Election and Consent Form

2017 FORM 14

Form 14 - Idaho Water's Edge Election and Consent Form

2016 FORM 14

Form 14 - Idaho Water's Edge Election and Consent Form

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Source: http://www.taxformfinder.org/idaho/form-14