California Form 5805f - Underpayment Of Estimated Tax By Farmers And Fishermen - 2012

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Underpayment of Estimated Tax by

CALIFORNIA FORM

TAXABLE YEAR

Farmers and Fishermen

2012

5805F

Attach this form to the back of your Form 540, Long Form 540NR, or Form 541, even if you do not owe a penalty.

Name(s) as shown on return

Your SSN or ITIN

–

Part I

Figure Your Underpayment. Note: Due to the increased tax rate, you may have an underpayment of estimated tax. You will not owe an underpayment

of estimated tax penalty to the extent your underpayment was due to the increased tax rate. Complete the Underpayment of Estimated Tax Worksheet

on page 2 of the instructions to determine your current year tax based on the maximum personal income tax rate of 9.3%. Exclude all tax on

lump-sum distributions.

1 2012 tax after credits from Form 540, line 48, line 61, and line 62; Long Form 540NR, line 63, line 71, and line 72;

or Form 541, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 2012 tax on lump-sum distributions from Form 540, line 34; Long Form 540NR, line 41; or

Form 541, line 21b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

4 If you are affected by the increased tax rate complete the Underpayment of Estimated Tax Worksheet on page 2 and

enter the amount here.... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

5 If you are affected by the increased tax rate, multiply line 4 by 66 2/3 percent (.6667).

If you are not affected by the increased tax rate, multiply line 3 by 66 2/3 percent (.6667) . . . . . . 5

6 2012 withholding taxes from Form 540, line 71 and line 73; Long Form 540NR, line 81

and line 83; or Form 541, line 29 and line 31. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

7 Subtract line 6 from line 3. If you are affected by the increased tax rate, subtract line 6 from line 4.

If less than $500 ($250 if married/RDP filing separately), STOP. You do not owe a penalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 2011 tax after credits from Form 540, add line 48, line 61, and line 62; Long Form 540NR, add line 63, line 71, and line 72;

or Form 541, line 28. (If you did not file a return for 2011 or if your 2011 taxable year was less than 12 months,

do not complete line 8 through line 10. Instead, enter the amount from line 5 on line 11.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 2011 tax on lump-sum distributions from Form 540, line 34; Long Form 540NR, line 41; or Form 541, line 21b

10 Subtract line 9 from line 8. If less than $500 ($250 if married/RDP filing separately), STOP.

You do not owe a penalty. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Enter the smaller of line 5 or line 10. (If your California AGI is equal to or greater than $1,000,000/$500,000 for

married filing a separate return, use line 5.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

12 2012 withholding taxes and estimated tax payments made on or before January 15, 2013, from Form 540, line 71,

line 72, line 73, and line 74; Long Form 540NR, line 81, line 82, line 83, and line 84; or Form 541, line 29, line 31,

and line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

13 Underpayment. Subtract line 12 from line 11. If zero or less, you do not owe a penalty. Be sure to check the box

on Form 540, line 113; Long Form 540NR, line 123; or Form 541, line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Part II Figure Your Penalty.

14 Enter the date the amount on line 13 was paid or April 15, 2013, whichever is earlier . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

15 Number of days after January 15, 2013, to and including the date on line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

If you are a calendar year taxpayer and made no estimate payment, enter 90 days.

Number of days on line 15

16 Penalty:

x .04 x underpayment on line 13. Enter the result here.

366

If you are requesting a waiver, go to line 17. Otherwise, enter this amount on Form 540, line 113; Long Form 540NR, line 123;

or Form 541, line 42. Also, check the box on that line to show that form FTB 5805F is attached to the return . . . . . . . . . . . . . . . ▌ 16

17 To request a waiver, check the box on this line and provide an explanation below. Be sure to check the box on Form 540,



line 113; Long Form 540NR, line 123; or Form 541, line 42. See General Information E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▌ 17

_______________________________________________________________________________________

FTB 5805F 2012

7681123

For Privacy Notice, get form FTB 1131.