California Form 5805 - Underpayment Of Estimated Tax By Individuals And Fiduciaries - 2010 Page 3

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• Second, count the number of days from the

Payment Application. Your payments are applied

If you made subsequent payments, you may

payment date to the end of the rate period,

to any underpayment balance on an earlier

need to make additional computations for the

and subtract the amount of the subsequent

installment. It does not matter if you designate a

applicable column on the worksheet. However, if

payment from the underpayment amount from

payment for a later period.

the payment reduced the underpayment to zero,

Worksheet II, line 8.

there are no further computations to make for

Example: You had an underpayment for the

• Third, apply the rate for the applicable period.

that column. In that case, you count the number

April 15th installment of $500. The June 15th

of days from the installment due date to the date

installment required a payment of $1,200. On

paid.

June 10th, you sent in a payment of $1,200 to

cover the June 15th installment. However, $500 of

If a subsequent payment does not reduce the

this payment is considered to be for the April 15th

underpayment to zero, you will need to make an

installment. The penalty for the April 15th

additional computation in the column.

installment is figured to June 10th. The amount

• First, count the number of days from the

of the payment to be applied to the June 15th

due date to the date paid and use the

installment is $700.

underpayment amount from Worksheet II,

Subsequent Payments. For purposes of

line 8.

computing the penalty, it may be helpful to make

a list of any payments that you made after the

timely payments entered in Part I, line 2. If you

made no other payments, follow the line‑by‑line

instructions for Part II.

Worksheet II Regular Method to Figure Your Underpayment and Penalty.

Payment Due Dates

(a)

(b)

(c)

(d)

Part I Figure Your Underpayment.

4/5/0

6/5/0

9/5/0

/5/

Required Installments. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Estimated tax paid and tax withheld. See instructions. For column (a) only,

also enter the amount from line 2 on line 6. (If line 2 is equal to or more than

line 1 for all payment periods, stop here; you do not owe the penalty. Do not

file form FTB 5805 unless you answer “Yes’’ to a question in Part I). . . . . . . . . . . . . . .

COMPLETE LINE 3 THROUGH LINE 9 OF ONE COLUMN BEFORE GOING TO THE

NEXT COLUMN.

3 Enter amount, if any, from line 9 of previous column . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Add line 2 and line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Add amounts on line 7 and line 8 of the previous column . . . . . . . . . . . . . . . . . . . . . . .

6 Subtract line 5 from line 4. If zero or less, enter ‑0‑. For column (a) only,

enter the amount from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 If the amount on line 6 is zero, subtract line 4 from line 5. Otherwise, enter ‑0‑ . . . . . .

8 Underpayment. If line 1 is equal to or more than line 6, subtract line 6 from

line 1. Then go to line 3 of next column. Otherwise, go to line 9 . . . . . . . . . . . . . . . . 

9 Overpayment. If line 6 is more than line 1, subtract line 1 from line 6.

Then go to line 3 of next column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part II Figure the Penalty. Complete line 10 through line 11 of one column before going to the next column.

Rate Period

4/5/0

6/5/0

9/5/0

/5/

April 5, 00 — April 5, 0

Days:

Days

0 Number of days from the date shown above line 10 to the date the

amount on line 8 was paid or 04/15/11, whichever is earlier . . . . . . . . . . . . . . . . . . . .

Underpayment

Number of

on line 8

days on line 10

.04

(see instructions)

365

 $

PENALTY. Add all amounts on line 11 in all columns. Enter the total here, on form

FTB 5805, Side 1, Part II, line 13, and on Forms 540/540A, line 113; Long Form 540NR, line 123;

or Form 541, line 42, and fill in the circle on that line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Page 4 FTB 5805 Instructions 2010