This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form FTB1117?
A: Form FTB1117 is the Request to Terminate Water's-Edge Election form in California.
Q: What is a Water's-Edge Election?
A: A Water's-Edge Election is a method of reporting international income for California state income tax purposes.
Q: Why would I need to request the termination of a Water's-Edge Election?
A: You may need to request the termination of a Water's-Edge Election if your situation or business circumstances change and you no longer want to use this method of reporting international income.
Q: What information do I need to provide on Form FTB1117?
A: You need to provide your business information, election information, and a detailed explanation of why you are requesting the termination of the Water's-Edge Election.
Q: Are there any filing fees for submitting Form FTB1117?
A: No, there are no filing fees for submitting Form FTB1117.
Q: Can I e-file Form FTB1117?
A: No, Form FTB1117 cannot be e-filed. It must be submitted by mail.
Form Details:
Download a printable version of Form FTB1117 by clicking the link below or browse more documents and templates provided by the California Franchise Tax Board.