California Form 3548 - Disabled Access Credit For Eligible Small Businesses - 1998

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YEAR
CALIFORNIA FORM
1998
Disabled Access Credit for Eligible Small Businesses
3548
Attach to your California tax return.
Name(s) as shown on return
Social security or California corporation number
Address of facility (number and street)
FEIN
City or town
State
ZIP Code
1 Eligible access expenditures. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
$250
00
2 Maximum amount of eligible access expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Enter the smaller of line 1 or line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Current year credit. Multiply line 3 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Pass-through disabled access credit(s) from Schedule(s) K-1 (100S, 541, 565 or 568). See instructions . . . . . . . . . . . . . .
5
6 Total current year disabled access credit. Add line 4 and line 5, but do not enter more than $125. . . . . . . . . . . . . . . . .
6
7 Credit carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Total available disabled access credit. Add line 6 and line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Enter the amount of credit claimed on the current year tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
Caution: This amount may be less than the amount on line 8 if your credit is limited by tentative minimum tax (TMT) or your
tax liability. See the instructions for line 9.
10 Credit carryover available for future years. Subtract line 9 from line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
General Information
is based on 50% of the eligible access expenditures
that exceed $250 up to a maximum of $10,250.
California allows a disabled access credit that is similar
The California credit may be carried over until
to the federal disabled access credit under Internal
exhausted. The federal credit is one of the general
Revenue Code (IRC) Section 44, with exceptions.
business credits and is subject to the limitations
Unless specifically identified otherwise, references in
imposed by IRC Section 38.
these instructions are to the IRC as of
January 1, 1998, and to the California Revenue and
D Qualifications
Taxation Code (R&TC).
To qualify for the disabled access credit, you must be
an eligible small business that complies with the
A Purpose
federal Americans With Disabilities Act of 1990 (Public
Eligible small businesses use form FTB 3548 to figure
Law 101-336) by paying or incurring eligible access
and claim a credit for expenditures to provide access to
expenditures for taxable or income years beginning on
disabled individuals. Also use this form to claim pass-
or after January 1, 1996.
through disabled access credits received from S corpo-
rations, estates or trusts, partnerships or limited liability
E Definitions
companies (LLCs) taxed as partnerships.
Eligible small business means any business or person
S corporations, estates or trusts, partnerships and LLCs
that:
taxed as partnerships should complete form FTB 3548
Had gross receipts for the preceding taxable or
to figure the amount of credit to pass through to share-
income year that did not exceed $1 million, or if
holders, beneficiaries, partners or members. Attach this
gross receipts exceeded $1 million, employed no
form to Form 100S, Form 541, Form 565 or Form 568.
more than 30 full-time employees during the preced-
Show the pass-through credit for each shareholder,
ing taxable or income year; and
beneficiary, partner or member on Schedule K-1 (100S,
Elects to claim the disabled access credit for the
541, 565 or 568).
taxable or income year by filing form FTB 3548.
B Description
For purposes of the definition of an eligible small
business:
The amount of California credit allowed an eligible small
business is 50% of the qualified expenditures that do
Gross receipts are reduced by returns and allow-
not exceed $250 per taxable or income year. Therefore,
ances made during the taxable or income year.
the maximum credit per eligible small business per
An employee is considered full-time if employed at
taxable or income year is $125.
least 30 hours per week for 20 or more calendar
weeks in the taxable or income year.
C California and Federal Differences
Generally, all members of the same controlled group
The federal disabled access credit under IRC
and all persons under common control are consid-
Section 44 and the California disabled access credit
ered to be one person. See IRC Section 44(d)(2)(A).
under R&TC Sections 17053.42 and 23642 are
generally the same, except that:
The California credit is based on 50% of the eligible
access expenditures up to $250. The federal credit
354898109
FTB 3548 1998 Side 1

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