2009 Ftb Form 5805f

ADVERTISEMENT

Instructions for Form 5805F
Underpayment of Estimated Tax by Farmers and Fishermen
General Information
A Purpose
E Waiver of the Penalty
In general, California law conforms to
Use Part I of form FTB 5805F, Underpayment
All or part of the penalty for underpayment may
the Internal Revenue Code (IRC) as of
of Estimated Tax by Farmers and Fishermen,
be waived if either of the following apply:
January 2005. However, there are continuing
to determine if you, as a farmer or fisherman,
• You underpaid the estimated tax because
differences between California and federal law.
paid the required amount of estimated tax. Use
of a casualty, disaster, or other unusual
When California conforms to federal tax law
Part II to compute your estimate penalty if you
circumstance and it would be inequitable to
changes, we do not always adopt all of the
did not pay enough estimated tax.
impose the penalty.
changes made at the federal level. For more
B Qualifications
• In 2008 or 2009, you retired after age 62 or
information, go to ftb.ca.gov and search for
became disabled and your underpayment
conformity. More information can be found
You are a farmer or fisherman and at least
was due to reasonable cause.
in FTB Pub. 1001, Supplemental Guidelines
two-thirds of your 2008 or 2009 gross
To request a waiver you must do all of the
to California Adjustments, the instructions for
income is from farming or fishing. If you
following:
California Schedule CA (540 or 540NR), and
need help determining your gross income, get
the Business Entity tax booklets.
federal Publication 505, Tax Withholding and
• Complete form FTB 5805F through line 17
Estimated Tax.
without regard to the waiver. Write the
The instructions provided with California tax
amount you want waived in parentheses on
forms are a summary of California tax law
If you determine that you are not a farmer or
the dotted line next to line 18. Subtract this
and are only intended to aid taxpayers in
fisherman, do not use this form. Instead, use
amount from the total penalty you figured
preparing their state income tax returns. We
form FTB 5805, Underpayment of Estimated
without regard to the waiver, and enter the
include information that is most useful to the
Tax by Individuals and Fiduciaries, to determine
result on line 18.
greatest number of taxpayers in the limited
if you owe an estimate penalty.
• Check the box on line 18.
space available. It is not possible to include
C Required Estimate Payment
• Below line 18, explain why you are
all requirements of the California Revenue
requesting a waiver of the estimate penalty.
If you are a farmer or fisherman, you are
and Taxation Code (R&TC) in the tax booklets.
If you need more space, attach a statement.
required to make an estimated tax payment of
Taxpayers should not consider the tax booklets
Be sure to include your name and tax ID no.
/
66
2
% (.6667) of your 2009 tax or 100% of
as authoritative law.
3
on each statement you attach.
your 2008 tax, whichever is less. If you are a
The Mental Health Services Act, imposes an
• Enter the amount, if any, from line 18 on
calendar year taxpayer, your payment must be
additional 1% tax on taxable income over
Form 540, line 113; Long Form 540NR,
filed and paid by January 15, 2010. If you are
$1,000,000.
line 123; or Form 541, line 42 and fill in the
a fiscal year taxpayer, your payment must be
Alternative Minimum Tax (AMT) is included in
circle on that line.
filed and paid by the 15th day of the 1st month
the calculation of estimated tax.
after the close of your taxable year.
F Amended Returns
The underpayment of estimated tax penalty
When the estimate due date falls on a weekend
If you file an amended return by the due
shall not apply to the extent the underpayment
or holiday, the deadline to file and pay without
date of your original return, use the amounts
of an installment was created or increased
penalty is extended to the next business day.
shown on your amended return to figure your
by any provision of law that is chaptered
D Exceptions to the Penalty
underpayment. If you file an amended return
during and operative for the taxable year of
after the due date of your original return, use
You do not owe a penalty for 2009 if any of the
the underpayment. To request a waiver of
the amounts shown on the original return.
following apply:
underpayment of estimated penalty, follow the
directions under General Information E.
Exception: If you and your spouse/RDP file
1. You file your 2009 tax return and pay the full
a joint return after the due date to replace
amount of tax due by March 1, 2010.
Registered Domestic Partners (RDP)
separate returns you originally filed by the
RDPs under California law must file their
2. The tax for 2008, after credits (Form 540,
due date, use the amounts shown on the joint
add line 30, line 31, and line 32 less the
California income tax returns using either the
return to figure your underpayment. This rule
tax on lump-sum distributions included
married/RDP filing jointly or married/RDP filing
applies only if both original separate returns
on line 23 and child and dependent care
separately filing status. RDPs have the same
were filed on time.
legal benefits, protections, and responsibilities
expenses credit on line 43 and less line 36,
line 38, and line 39; Long Form 540NR,
as married couples unless otherwise specified.
add line 38, line 39, and line 40 less the
Important: Even if you do not owe a
For purposes of California income tax,
tax on lump-sum distributions included
penalty, do both of the following:
references to a spouse, husband, or wife
on line 26 and child and dependent care
• Attach this form to the back of your
also refer to a California registered domestic
expenses credit on line 50 and less line 43,
partner (RDP), unless otherwise specified.
Form 540, Long Form 540NR, or
line 44, and line 46; or Form 541, add
When we use the initials RDP they refer to both
Form 541.
line 25, line 26, and line 27 less the tax
a California registered domestic “partner” and a
• Fill in the circle on Form 540, line 113;
on lump-sum distributions included on
Long Form 540NR, line 123; or
California registered domestic “partnership,” as
line 21b and less line 29 and line 31), was
applicable. For more information on RDPs, get
Form 541, line 42 if you are a farmer
less than $500 ($250 if married/RDP filing
FTB Pub. 737, Tax Information for Registered
or a fisherman. This helps the FTB
separately).
Domestic Partners.
identify you as a farmer or fisherman
3. The tax for 2008 (from line 8) is less than
and correctly process your tax return.
Round Cents to Dollars
$500 ($250 if married/RDP filing separately).
Round cents to the nearest whole dollar. For
4. You had no tax liability for 2008 and your
example, round $50.50 up to $51 or round
2008 tax return was for a full 12 months
$25.49 down to $25.
(or would have been if you were required to
file). You do not need to have had income in
each month.
FTB 5805F Instructions 2009 Page 1

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 3