Form 5805f - Underpayment Of Estimated Tax By Farmers And Fishermen - 1999
Download a blank fillable Form 5805f - Underpayment Of Estimated Tax By Farmers And Fishermen - 1999 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 Form 5805f - Underpayment Of Estimated Tax By Farmers And Fishermen - 1999 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.
ADVERTISEMENT
1Underpayment of Estimated Tax by
TAXABLE YEAR
CALIFORNIA FORM
1999
Farmers and Fishermen
5805F
Attach this form to the front of your Form 540, Form 540NR, or Form 541, even if you do not owe a penalty.
Your social security number
Name(s) as shown on return
-
-
Part I Figure Your Underpayment
1 1999 tax after credits from Form 540, line 34; Form 540NR, line 43; or Form 541, line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 1999 tax on lump-sum distributions from Form 540, line 23; Form 540NR, line 26; or Form 541, line 21b . . . . . . . . . . . . . . . 2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
2
/
4 Multiply line 3 by 66
% (.6667) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
3
5 1999 withholding taxes from Form 540, line 38 and line 41; Form 540NR, line 47 and line 50; or Form 541, line 28 . . . . . . . 5
6 Subtract line 5 from line 3. If less than $200 ($100 married filing separate), STOP. You do not owe a penalty . . . . . . . . . . . . 6
7 1998 tax after credits from Form 540, line 34; Form 540NR, line 43; or Form 541, line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 1998 tax on lump-sum distributions from Form 540, line 23; Form 540NR, line 26; or Form 541, line 21b . . . . . . . . . . . . . . . 8
9 Subtract line 8 from line 7. If less than $200 ($100 married filing separate), STOP. You do not owe a penalty . . . . . . . . . . . . 9
10 Enter the smaller of line 4 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 1999 withholding taxes and estimated tax payments made on or before January 15, 2000, from Form 540,
line 38, line 39 and line 41; Form 540NR, line 47, line 48 and line 50; or Form 541, line 28 and line 30 . . . . . . . . . . . . . . . . . 11
12 Underpayment. Subtract line 11 from line 10. If zero or less, you do not owe a penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Part II Figure Your Penalty
13 Enter the date the amount on line 12 was paid or April 15, 2000, whichever is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Number of days after January 15, 2000, to and including the date on line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Note: If you are a calendar year taxpayer and made no estimate payment, enter 91 days.
Number of days on line 14
15 Penalty:
x .08 x underpayment on line 12. Enter the result here. If you are requesting
366
a waiver, go to line 16. Otherwise, enter this amount on form 540, line 64; Form 540NR, line 73; or Form 541, line 39.
Also fill in the circle on that line to show that form FTB 5805F is attached to the return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
____________
16 To request a waiver, check the box on this line and provide an explanation below. See General Information E . . . . . . . . . . . . 16
Important: Attach this form to the front of your
the 15th day of the 1st month after the close of
stance and it would be inequitable to impose the
Form 540, Form 540NR, or Form 541 on top of
your taxable year.
penalty; or
all forms, schedules, and attachments, even if
• In 1998 or 1999, you retired after age 62 or
D Exceptions to the Penalty
you do not owe a penalty. This helps the
became disabled and your underpayment was
Franchise Tax Board identify you as a farmer or
due to reasonable cause.
You do not owe a penalty for 1999 if:
fisherman and correctly process your tax return.
To request a waiver you must:
1. You file your 1999 tax return and pay the full
• Complete form FTB 5805F through line 15
amount of tax due by March 1, 2000; or
without regard to the waiver. Write the amount
2. The tax for 1998, after credits (Form 540, line
General Information
you want waived in parenthesis on the dotted
34 less the tax on lump-sum distributions
line next to line 16. Subtract this amount from
included on line 23 and less line 38 and line 41;
A Purpose
the total penalty you figured without regard to
Form 540NR, line 43 less the tax on lump-sum
the waiver, and enter the result on line 16;
distributions included on line 26 less line 47
Use Part I of form FTB 5805F to determine if you,
• Check the box on line 16;
and line 50; or Form 541, line 25, less the tax
as a farmer or fisherman, paid the required amount
• Below line 16, explain why you are requesting a
on lump-sum distributions included on line 21b
of estimated tax. Use Part II to compute your
waiver of the estimate penalty. If you need more
and less line 28), was less than $200 ($100 if
estimate penalty if you did not pay enough
space, attach a statement;
married filing a separate return); or
estimated tax.
• Enter the amount, if any, from line 16 on
3. The tax for 1999 (from line 6) is less than $200
Form 540, line 64; Form 540NR, line 73; or
($100 if married filing a separate return); or
B Qualifications
Form 541, line 39 and fill in the circle on that
4. 80% or more of the tax (excluding tax on lump-
You are a farmer or fisherman when at least two-
line; and
sum distributions) for 1998 or 1999 was paid
• Attach form FTB 5805F to the front of your return
thirds of your 1998 or 1999 gross income is from
by withholding; or
on top of any check, money order, Form W-2,
farming or fishing. If you need help determining
5. 80% or more of the California adjusted gross
Form 1099, or other special documentation.
your gross income, get Internal Revenue Service
income reported on your 1999 tax return
Pub. 505, Tax Withholding and Estimated Tax.
consisted of wages subject to withholding;
F Amended Returns
however, this provision does not apply if a false
If you determine that you are not a farmer or
or fraudulent withholding exemption certificate
fisherman, do not use this form. Instead, use form
If you file an amended return by the due date of
was filed; or
your original return, use the amounts shown on
FTB 5805, Underpayment of Estimated Tax by
6. You had no tax liability for 1998 and your 1998
Individuals and Fiduciaries, to determine if you
your amended return to figure your underpayment.
tax return was for a full 12 months (or would
If you file an amended return after the due date of
owe an estimate penalty.
have been had you been required to file). You
your original return, use the amounts shown on
C Required Estimate Payment
need not have had income in each month.
the original return.
If you are a farmer or fisherman, you are required
E Waiver of the Penalty
Exception: If you and your spouse file a joint
2
/
return after the due date to replace separate
to make an estimated tax payment of 66
% of
3
All or part of the penalty for underpayment may be
your 1999 tax or 100% of your 1998 tax,
returns you originally filed by the due date, use the
waived if:
amounts shown on the joint return to figure your
whichever is less. If you are a calendar year
underpayment. This rule applies only if both
taxpayer, your payment is due January 15, 2000. If
• You underpaid the estimated tax because of a
original separate returns were filed on time.
you are a fiscal-year taxpayer, your payment is due
casualty, disaster, or other unusual circum-
5805F99109
FTB 5805F 1999
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial