California Form 3539 (Corp) - Payment For Automatic Extension For Corps And Exempt Orgs - 2016 Page 3

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How to Complete the Tax Payment Worksheet

Line 2

Enter the estimated tax payments, including prior year overpayment

Line 1

applied as a credit. S corporations may include any Q Sub annual tax

Enter the total tentative tax, including the alternative minimum tax if

payments.

applicable, for the taxable year.

Line 3 – Excess payments.

•

If filing Form 100, 100W, or 100S, and subject to franchise tax, the

If the amount on line 2 is more than the amount on line 1, the payments

tentative tax may not be less than the minimum franchise tax and

and credits are more than the tentative tax. The corporation or

Qualified Subchapter S Subsidiary (Q Sub) annual tax (S corporations

exempt organization has no tax due. Do not mail form FTB 3539. The

only).

corporation or exempt organization will automatically qualify for an

• If filing Form 100, 100 W, or 100 S, and subject to income tax, enter

extension if the CA tax return is filed by the extended due date and the

the amount of tax. Corporations subject to the income tax do not pay

corporation or exempt organization is in good standing with the FTB and

the minimum franchise tax.

CA S O S.

• If a corporation incorporates or qualifies to do business in California,

Tax due.

the corporation will compute its tax liability for the first taxable year

If the amount on line 1 is more than the amount on line 2, the corporation

by multiplying its state net income by the appropriate tax rate and

or exempt organization’s tentative tax is more than its payments and

will not be subject to the minimum franchise tax. The corporation will

credits. The corporation or exempt organization has tax due.

become subject to minimum franchise tax beginning in its second

taxable year.

Subtract line 2 from line 1. Enter this amount on line 3 and on

• If filing Form 109, enter the amount of tax. Form 109 filers are not

form FTB 3539.

subject to the minimum franchise tax.

Form FTB 3593.

• If filing Form 199, use form FTB 3539 only if paying the filing fee of

If the corporation or exempt organization expects to have an NOL in the

$10 early. Skip line 1 and line 2, and enter the amount of the filing fee

2017 taxable year and will carryback the NOL to the 2016 taxable year, it

on line 3 of the Tax Payment Worksheet, and on form FTB 3539.

can reduce the amount to be remitted to the extent of the overpayment

resulting from the carryback, provided all other prior year tax liabilities

have been fully paid. Reduce line 3, Tax due amount by the amount of tax

for which the time for payment is extended from form FTB 3593, line 6c,

and enter the result on the Amount of payment line of form FTB 3539.

TAX PAYMENT WORKSHEET FOR YOUR RECORDS

1 Total tentative tax. Include alternative minimum tax if applicable. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Estimated tax payments including prior year overpayment applied as a credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Tax due. If line 2 is more than line 1, see instructions. If line 1 is more than line 2, subtract line 2 from line 1. Enter

the result here and on form FTB 3539. If form FTB 3593 is filed to extend the time for payment, see instructions . . . . . . 3

FTB 3539 Instructions 2016 Page 3

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