Idaho Idaho Water's Edge Election and Consent

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