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TAXABLE YEAR

Interest Computation Under the Look-Back

CALIFORNIA FORM

Method for Completed Long-Term Contracts

3834

For contracts completed or adjusted

during the taxable year beginning: month________ day________ year________ , and ending month________ day________ year________ .

SSN or ITIN

Corporation no.

FEIN

Name(s) as shown on your California tax return

Address – number and street, PO Box, Rural Route, or PMB no.

Apt. no.

Secretary of State ﬁ le number

State

City, town, or post ofﬁ ce

ZIP Code

Check applicable box

Individual

Estate

Trust

C corporation

S corporation

Partnership

Limited liability company (LLC)

Exempt organization

Other______________

If you were an owner of an interest in a pass-through entity (S corporation, estate or trust, partnership, or LLC classiﬁ ed as a partnership) that holds one or more long-term

contracts to which this interest computation relates, enter the name and identiﬁ cation number of the entity. Attach a schedule if there is more than one such entity.

Identiﬁ cation number

Name of entity

Check this box if more than 3 prior years are involved. Attach additional form(s) FTB 3834 as needed. See General Information J, Miscellaneous.

Enter date of each prior year to which interest

Part I

Regular Method

computation relates

(d)

Total

(a)

(b)

(c)

add columns (a),

Year ended

1 Taxable income (loss) or net income (loss) for state purposes for the

(b), and (c)

mm ____ yy ____

prior year(s) shown on tax return (or as previously adjusted) before

net operating loss. If you were required to ﬁ le form FTB 3834 for an

earlier contract completion year, enter adjusted taxable income or net

income for state purposes for the prior year(s) from form FTB 3834,

line 3, for the most recent contract completion year that affects the

prior year(s). Attach a copy of the prior year(s) form FTB 3834

to this form . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Adjustment to income to reﬂ ect the difference between: (a) the

amount of regular taxable income required to be allocated to post-

February 1986 contracts completed or adjusted during the taxable year

based on the actual contract price and costs; and (b) the amount of

income reported for such contracts based on estimated contract price

and costs. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Adjusted taxable or net income for look-back purposes. Combine

line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Tax on line 3 amount using tax rates in effect for the prior year(s).

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Tax shown on return (or as previously adjusted) for the prior year(s).

See instructions. If you were required to ﬁ le form FTB 3834 for an

earlier contract completion year, enter the amount required to be

reported on form FTB 3834, line 4, for the most recent contract

completion year that affects the prior year(s). . . . . . . . . . . . . . . . . . .

6 Increase (or decrease) in tax for the prior year(s) on which interest

is due (or is to be refunded). Subtract line 5 from line 4 . . . . . . . . . .

7 Interest due on increase, if any, shown on line 6.

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Interest to be refunded on decrease, if any, shown on line 6.

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Net amount of INTEREST TO BE REFUNDED TO YOU – If line 8,

column (d) exceeds line 7, column (d), enter the excess. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Net amount of INTEREST YOU OWE – If line 7, column (d) exceeds line 8, column (d), enter the excess.

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

For Privacy Notice, get form FTB 1131.

7601063

FTB 3834

2006 Side 1