1115: Request for Consent for a Water's-Edge Re-Election (2025)
California · FTB · Used for tax years 2025
California Form 1115 requests the Franchise Tax Board’s consent for a water’s-edge re-election. It records the last filed water’s-edge return’s taxable year ending date, the proposed re-election beginning date, the basis for the request, and the taxpayers requesting re-election.
Who files this form
Form 1115 is for taxpayers requesting the California Franchise Tax Board’s consent to a water’s-edge re-election. Part III asks for each taxpayer requesting the re-election.
What you'll need
Have the following information ready:
- Corporation name, key California corporation number, and address, including any suite, room, or PMB number.
- Taxable year ending date of the taxpayer’s last filed water’s-edge tax return.
- Beginning date of the requested water’s-edge re-election.
- Explanation of the basis for the request.
- Name, California corporation number, and FEIN for each taxpayer requesting the re-election.
- Officer’s signature, title, and date, plus a contact person’s name and telephone number.
Attach additional sheets if needed for the explanation or taxpayer list.
How to file
Complete the form in full:
- Enter the corporation’s identifying information and address.
- Complete Part I with the two requested dates in mm/dd/yyyy format.
- Explain the basis for the re-election request in Part II.
- List the taxpayers requesting re-election in Part III.
- Have an officer sign and date the form, enter the officer’s title, and provide contact information.
File Form 1115 separately from the tax return. The supplied form text does not give a mailing address or electronic filing instructions.
Common mistakes
- Changing the filing method too soon. Do not change it until the Franchise Tax Board has approved the request.
- Filing this form with the tax return. The form must be filed separately.
- Leaving the form incomplete. The form directs you to fill it out completely.
Questions people ask
Which dates go in Part I?
Enter the taxable year ending date of the taxpayer’s last filed water’s-edge tax return and the beginning date of the water’s-edge re-election. Use mm/dd/yyyy format.
What if I need more space?
You may attach additional sheets for the explanation in Part II or the taxpayer list in Part III.
Can I change my filing method while the request is pending?
No. The form says not to change the filing method until the Franchise Tax Board has approved the request.
Who signs the form?
The form calls for an officer’s signature, title, and date. The signer attests that they believe the re-election is permitted by law and declares under penalties of perjury that the form and accompanying schedules and statements are true, correct, and complete to the best of their knowledge.