February 28, 2025
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California Tax: Navigating the New Water's-Edge Election Rules
CCH Editorial Staff
Legislation in 2003 significantly changed the way in which corporations may elect and terminate water’s-edge elections. Because of these changes and because failure to maintain required recordkeeping may result in penalties, multinational corporations face an increasing need to understand California’s water’s-edge election.

This course provides a detailed overview of California’s water’s-edge election, including the new election and termination provisions.

Topics covered include:

  • Why the Water’s-Edge Election Evolved
  • Water’s-Edge lection
  • Terminating a Water’s-Edge Election
  • Recordkeeping Requirements
  • Benefits and Drawbacks of Making a Water’s-Edge Election
$45.00
[click to view a FREE preview of this course]
[click to enroll in this course]
Field of Study:  Taxes
Prerequisites:  None
Level:  Update
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
[click to download acrobat reader]
Credit Available For: Units
CPE 2 CPE
QAS 2 CPE
CFPTM (Accepted by the CFP Board) 2 CPE
Enrolled Agent (Accepted by the IRS) 2 CPE
Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.
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