Form 5806 - Underpayment Of Estimated Tax By Corporations - 1998

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INCOME YEAR
CALIFORNIA FORM
1998
Underpayment of Estimated Tax by Corporations
5806
For calendar year 1998 or fiscal year beginning month _______ day ______ year 1998, and ending month _______ day ______ year _______
California corporation number
Corporation name
Part I
Figure the Underpayment If line 7 shows an underpayment for any installment, complete the balance of this form.
1 Current year’s tax. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
(a)
(b)
(c)
(d)
2 Enter in column (a) through column (d) the due dates for
each installment . . . . . . . . . . . . . . . . . . . . . . . . . .
2
25%
50% less 1st
75% less prior
100% less prior
3 Percentage required (short period filers see instructions) . . . .
3
(not less than min.)
4 Amount due. See instructions . . . . . . . . . . . . . . . . . . .
4
5 a Amount paid or credited for each installment . . . . . . . . .
5a
b Overpayment from previous installment . . . . . . . . . . . .
5b
6 Add line 5a and line 5b . . . . . . . . . . . . . . . . . . . . . .
6
7 Underpayment (subtract line 6 from line 4) or overpayment
(subtract line 4 from line 6) . . . . . . . . . . . . . . . . . . . .
7
Part II
Exceptions to the Penalty If line 7 shows an underpayment for any installment, go to Part IV, Exceptions Worksheets.
Note: If Exception A line 8a, is met for all four installments, do not attach this form to the return.
Yes
No
Yes
No
Yes
No
Yes
No
(check the applicable boxes)
8 a Exception A — Regular Corporations, line 26 . . . . . . . .
8a
b Exception A — Large Corporations. See instructions . . . .
8b
9 Exception B (line 42) met? . . . . . . . . . . . . . . . . . . . .
9
10 Exception C (line 64) met? . . . . . . . . . . . . . . . . . . . .
10
Part III
Figure the Penalty If line 7 shows an underpayment for any installment and one of the three exceptions was not met, figure the penalty for that
installment by completing line 11 through line 22. (If the prior year’s tax was only the minimum franchise tax, see the instructions for
Part III before completing this part.)
11
Enter the earlier of the payment date, or the 15th day of the 3rd
month after the close of the income year. Form 109 filers, see
11
instructions.. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
12
Number of days from date shown on line 2 to date shown on line 11
13
13
Number of days on line 12 before 7/1/98 . . . . . . . . . . . . . .
14
Number of days on line 12 after 6/30/98 and before 7/1/99 . . . . .
14
15
15
Number of days on line 12 after 6/30/99 and before 1/1/00. See inst
16
16
Number of days on line 12 after 12/31/99 and before 2/15/00. . . .
17
Number of days on line 13
x 9% x line 7 . . . . . . . . . . .
17
Number of days in income year
18
Number of days on line 14
18
x 9% x line 7 . . . . . . . . . . .
Number of days in income year
19
Number of days on line 15
19
x % (call FTB for %) x line 7 . . .
Number of days in income year
20
Number of days on line 16
20
x % (call FTB for %) x line 7 . . .
Number of days in income year
21 Add amounts for each column from line 17
through line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22 Total estimate penalty due. Add line 21, column (a) through column (d). Enter here and on Form 100, line 42;
Form 100S, line 42 or Form 109, line 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Part IV
Exceptions Worksheets Even if line 7 shows an underpayment for any installment, Franchise Tax Board (FTB) will not assess a penalty if timely payments were
made and they equal or exceed the amount determined under any of the three exceptions for the same installment period.
Exception A —
Prior Year’s Tax — Regular Corporations
23 Prior year’s tax (the return must have been for a full 12 months) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
(a)
(b)
(c)
(d)
50%
75%
100%
25%
(not less than min.)
24 Enter line 23 x the percentage shown . . . . . . . . . . . . . .
24
25 Amount paid by the installment due date (cumulative) . . . . .
25
26 Exception met? Circle ‘‘yes’’ or ‘‘no’’ and check
Yes
No
Yes
No
Yes
No
Yes
No
applicable boxes on line 8a . . . . . . . . . . . . . . . . . . . .
26
580698109
FTB 5806 1998 Side 1

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