Form 541-T - California Allocation Of Estimated Tax Payments For Beneficiaries - 2013 Page 2
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1
2Instructions for Form 541-T
California Allocation of Estimated Tax Payments to Beneficiaries
References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2009, and to the California Revenue and Taxation Code (R&TC).
General Instructions
D When to File
Column (c) – Beneficiary’s identifying number
For each beneficiary who is an individual, enter
Registered Domestic Partners (RDP)
For the election to be valid, a trust or
the SSN or ITIN . For all other entities, enter the
For purposes of California income tax,
decedent’s estate must file Form 541-T by the
federal employer identification number (FEIN) .
references to a spouse, husband, or wife also
65th day after the close of the taxable year as
Failure to enter a valid SSN/ITIN or FEIN may
refer to a California RDP, unless otherwise
shown at the top of the form . If the due date
cause a delay in processing and could result in
specified . When we use the initials RDP they
falls on a weekend or holiday, the deadline to
the imposition of penalties on the beneficiary .
refer to both a California registered domestic
file is extended to the next business day . For a
For those beneficiaries who file a joint income
“partner” and a California registered domestic
calendar year trust, the due date is on or before
tax return, you can assist the Franchise Tax
“partnership,” as applicable . For more
March 6, 2014.
Board in crediting the proper account by
information on RDPs, get FTB Pub . 737, Tax
providing the SSN or ITIN, if known, of the
E Period Covered
Information for Registered Domestic Partners .
beneficiary’s spouse/RDP . However, this is an
Private Mail Box (PMB)
File Form 541-T for calendar year 2013 and
optional entry .
Include the PMB in the address field . Write
fiscal years beginning in 2013 . If the form
Column (d) – Amount of estimated tax
“PMB” first, then the box number .
is for a fiscal year or a short year, enter the
payment allocated to beneficiary
Example: 111 Main Street PMB 123 .
taxable year in the space at the top of the form .
For each beneficiary, enter this amount on
Schedule K-1 (541), Beneficiary’s Share of
A Purpose
F Internet Access
Income, Deductions, Credits, etc ., line 13a .
A trust or, for its final year, a decedent’s
You can download, view, and print California
Column (e) – Proration percentage
estate may elect under California Revenue
tax forms and publications at ftb.ca.gov .
For each listed beneficiary, divide the amount
and Taxation Code Section 17731 and Internal
Access other California state agency websites
shown in column (d) by the amount shown on
Revenue Code Section 643(g) to have any part
at ca.gov .
line 1 and enter the result as a percentage .
of its estimated tax payments treated as made
Line 3
Specific Line Instructions
by a beneficiary or beneficiaries . The trustee or
If you are allocating a payment of estimated
fiduciary files Form 541-T, California Allocation
Line 1
tax to more than 10 beneficiaries, list the
of Estimated Tax Payments to Beneficiaries, to
Enter the amount of the estimated tax
additional beneficiaries on an attached sheet
make the election . Once made, the election is
payments made by the trust or decedent’s
that follows the format of line 2 . Enter on line 3
irrevocable .
estate that the fiduciary elects to treat as
the total from the attached sheets . Include the
Do not distribute resident and nonresident real
a payment made by the beneficiaries . This
fiduciary name and SSN/ITIN or FEIN on the
estate withholding, or backup withholding to
amount is treated as if paid or credited to the
attached sheets .
beneficiaries on Form 541-T . Use Form 592,
beneficiaries on the last day of the taxable year
Resident and Nonresident Withholding
of the trust or decedent’s estate . Be sure to
Statement, and Form 592-B, Resident and
include the amount on Form 541, Schedule B,
Nonresident Withholding Tax Statement, to
Income Distribution Deduction, line 10 .
allocate withholding .
Line 2
B How to File
Column (b) – Beneficiary’s name and address
Group the beneficiaries to whom you are
File Form 541-T separately from Form 541,
allocating estimated tax payments into two
California Fiduciary Income Tax Return . Do not
categories . In the first category, list all the
attach Form 541-T to Form 541 .
individual beneficiaries who have a social
C Where to File
security number (SSN) or individual taxpayer
identification number (ITIN) . In the second
Mail Form 541-T to:
category, list all the other beneficiaries .
FRANCHISE TAX BOARD
PO BOX 942840
SACRAMENTO CA 94240-0001
Form 541-T Instructions 2013 Page 1
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