California Form 3563 (541) - Payment For Automatic Extension For Fiduciaries

Instructions for Form FTB 3563

Payment for Automatic Extension for Fiduciaries

General Information

have a letter from the FTB authorizing the exempt status) use form

FTB 3539, Payment for Automatic Extension for Corporations and Exempt

California does not require the filing of written extensions. If the estate or

Organizations.

trust cannot file Form 541, California Fiduciary Income Tax Return, by the

Round Cents to Dollars – Round cents to the nearest whole dollar. For

due date, the estate or trust is granted an automatic six-month extension.

example, round $50.50 up to $51 or round $25.49 down to $25. If you do

If the tax return is filed by the 15th day of the 10th month following the

not round, the FTB will disregard the cents.

close of the taxable year (fiscal year) or by October 15, 2009 (calendar

year), the extension will apply.

Penalties and Interest

Only use form FTB 3563, Payment for Automatic Extension for Fiduciaries,

If the estate or trust fails to pay its total tax liability by the original due

if both of the following apply:

date of the tax return, a late payment penalty and interest will be added

• The estate or trust cannot file Form 541 by the original due date

to the tax due. To avoid late payment penalties and interest, the estate or

• Tax is owed for 2008

trust must pay its tax liability by the 15th day of the 4th month, following

Use the worksheet below to determine if tax is owed.

the close of the taxable year. If the estate or trust paid at least 90% of

• If tax is not owed, there is nothing to file at this time. Do not complete

the tax shown on the return by the original due date of the return, we will

or mail this form.

waive the penalty based on reasonable cause. If after the tax return’s

• If tax is owed, complete the form below, using blue or black ink. Mail

due date has passed, the estate or trust finds that its estimate of tax due

the form along with the estate’s or trust’s check or money order to the

was too low, the estate or trust should pay the additional tax as soon as

Franchise Tax Board (FTB) by the 15th day of the 4th month (fiscal

possible to avoid further accumulation of penalties and interest. Pay the

year) or April 15, 2009 (calendar year), to avoid late payment penalty

estimated additional tax with another form FTB 3563.

and interest.

If the estate’s or trust’s fiduciary tax return is not filed by the 15th day

Make all checks or money orders payable in U.S. dollars and drawn

of the 10th month following the close of the taxable year, the automatic

against a U.S. financial institution.

extension will not apply and a late filing penalty and interest will be

Nonexempt charitable trusts as described in Internal Revenue Code

assessed from the original due date of the tax return.

Section 4947(a)(1), exempt pension trusts, and simple trusts (that

TAX PAYMENT WORKSHEET FOR YOUR RECORDS

1 Total tax the estate or trust expects to owe. This is the amount you expect to enter

on Form 541, line 28 or Form 541-QFT, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Payments and credits:

a California income tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a

b California estimated tax payments and amount applied from the 2007

Form 541 or Form 541-QFT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b

c Other payments and credits, including any tax payments made with any previous

form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c

3 Total tax payments and credits. Add line 2a, line 2b, and line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 Tax due. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

•

If the amount on line 3 is more than the amount on line 1, the estate or trust has no tax due. DO NOT MAIL THIS FORM.

•

If the amount on line 1 is more than the amount on line 3, subtract line 3 from line 1. This is the estate’s or trust’s tax due.

Enter the result on line 4 and on the “Amount of payment” line on the form FTB 3563 below. Fill in the estate’s or trust’s name, address, and

federal employer identification number (FEIN). Separate the form from this page where it says “DETACH HERE.” Make a check or money

order payable to the “Franchise Tax Board,” and write the FEIN and “2008 FTB 3563” on it. Enclose, but do not staple, the payment with the form and mail

to: FRANCHISE TAX BOARD, PO BOX 942867, SACRAMENTO CA 94267-0051

•

If the tax return is filed by the 15th day of the 10th month following the close of the taxable year (fiscal year) or by October 15, 2009

(calendar year), the extension will apply.

Save the completed worksheet as a permanent part of the estate’s or trust’s tax records along with the copy of the tax return.

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if no PaYmEnT iS DUE, Do noT mail THiS form

DETacH HErE

(Calendar year – File and Pay by April 15, 2009) (Fiscal year filers - see instructions)

Payment for Automatic Extension

TaXaBlE YEar