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Enter date of each prior year to which interest

Part II Simpliﬁ ed Marginal Impact Method

computation relates

(d)

(a)

(b)

(c)

Total

Year ended

add columns (a),

mm ____ yy ____

(b), and (c)

1 Adjustment to regular taxable income to reﬂ ect the difference between:

(a) the amount of income required to be allocated for post-February

1986 contracts completed or adjusted during the taxable year based

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

reported for such contracts based on estimated contract price and

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

2 Increase (or decrease) in regular tax for prior year(s). Multiply line 1

in each column by the applicable regular tax rate. See instructions.

Note: For prior years beginning before 1987, skip line 3 and line 4 and

enter on line 5 the amount from line 2 . . . . . . . . . . . . . . . . . . . . . . . .

3 Adjustment to alternative minimum taxable income to reﬂ ect the

difference between: (a) the amount of income required to be allocated

for post-February 1986 contracts completed or adjusted during the

taxable year based on actual contract price and costs; and (b) the

amount of income reported for such contracts based on estimated

contract price and costs. See instructions . . . . . . . . . . . . . . . . . . . . .

4 Increase (or decrease) in alternative minimum tax (AMT) for prior

year(s). Multiply line 3 in each column by the applicable AMT rate.

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

5 Enter the amount from line 2 or line 4, whichever is larger. See

instructions if either amount is negative.

Pass-through entities (except S corporations): Skip line 6 and enter

on line 7 the amount from line 5. S corporations: See General

Information I, S Corporations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Overpayment ceiling. For each column in which line 5 is a negative

number, enter your total tax liability for the prior year, as adjusted for

past applications of the look-back method, and after net operating

losses, capital losses, and credit carryovers to that year. For each

column in which line 5 is a positive number, leave line 6 blank and

enter on line 7 the amount from line 5 . . . . . . . . . . . . . . . . . . . . . . . .

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

is due (or is to be refunded). Enter the amount from line 5 or line 6,

whichever is smaller. Treat both numbers as positive when making

this comparison, but enter the amount as a negative number . . . . . .

8 Interest due on increase, if any, shown on line 7. See the instructions

for Part I, line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Interest to be refunded on decrease, if any, shown on line 7. See the

instructions for Part I, line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . .

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

column (d) exceeds line 8, column (d), enter the excess. See the instructions for Part I, line 9 . . . . . . . . . . . . . . . .

11 Net amount of INTEREST YOU OWE – If line 8, column (d) exceeds line 9, column (d), enter the excess.

See the instructions for Part I, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Under penalties of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct, and complete.

Sign here only if

you are ﬁ ling this

Your signature

Date

Spouse’s signature (if ﬁ ling jointly, both must sign)

Date

form separately

and not with your

tax return. See

instructions.

It is unlawful to

Paid preparer’s signature (declaration of preparer is based on all information of which preparer has any knowledge)

Paid Preparer’s SSN/FEIN/PTIN

forge a spouse’s

signature.

Firm’s name (or yours if self-employed)

Firm’s address

Side 2 FTB 3834

2006

7602063

California Form 3834 Draft - Interest Computation Under The Look-Back Method For Completed Long-Term Contracts - 2006 Page 2

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