California Form 3563 (541) - Payment For Automatic Extension For Fiduciaries - 2007

Download a blank fillable California Form 3563 (541) - Payment For Automatic Extension For Fiduciaries - 2007 in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete California Form 3563 (541) - Payment For Automatic Extension For Fiduciaries - 2007 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Print and Reset Form

Reset Form

Instructions for Form FTB 3563

Payment for Automatic Extension for Fiduciaries

What’s New

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

against a U.S. financial institution.

Round Cents to Dollars

Nonexempt charitable trusts as described in Internal Revenue Code

Beginning with the 2007 tax forms, round cents to the nearest whole dollar. For

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

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

a letter from the Franchise Tax Board authorizing the exempt status)

General Information

use form FTB 3539, Payment for Automatic Extension for Corps and

Exempt Orgs.

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

Penalties and Interest

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

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

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

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

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

close of the taxable year (fiscal year) or by October 15, 2008 (calendar

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

year), the extension will apply.

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

Only use form FTB 3563 if both of the following apply:

the close of the taxable year. If you have paid at least 90% of the tax

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

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

• Tax is owed for 2007

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

Use the worksheet below to determine if tax is owed.

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

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

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

or mail this voucher.

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

• If tax is owed, complete the voucher below. Mail the voucher along

additional tax with another form FTB 3563 voucher.

with your check or money order to the Franchise Tax Board by the

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

15th day of the 4th month (fiscal year) or April 15, 2008 (calendar

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

year), to avoid late payment penalty and interest.

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

assessed from the original due date of the tax return.

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 2006

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

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

form FTB 3563 voucher . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 THE PAYMENT VOUCHER.

•

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 voucher below. Fill in the estate’s or trust’s name, address, and

federal employer identification number (FEIN). Separate the voucher 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 “2007 FTB 3563” on it. Enclose, but do not staple, the payment with the voucher 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, 2008

(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.





if no PaYmEnT iS DUE, Do noT mail THiS form

DETacH HErE

(Calendar year – File and pay by April 15, 2008)

Payment for Automatic Extension

TaXaBlE YEar