California Form 5806 - Underpayment Of Estimated Tax By Corporations - 2014
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5Underpayment of Estimated Tax
TAXABLE YEAR
CALIFORNIA FORM
by Corporations
2014
5806
For calendar year 2014 or fiscal year beginning month (mm/dd/yyyy)_____________, and ending (mm/dd/yyyy)_____________
Corporation name
California corporation number
Part I
Figure the Underpayment
1 Current year’s tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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(a)
(b)
(c)
(d)
2 Installment due dates. See instructions . . . . . . . . . . . . . . . . . . .
2
3 Percentage required. See instructions . . . . . . . . . . . . . . . . . . . .
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30% (not less than min.)
70% less 1st
70% less prior
100% less prior
4 Amount due. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . .
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5 a Amount paid or credited for each installment . . . . . . . . . . . .
5a
b Overpayment from previous installment. See instructions.. .
5b
6 Add line 5a and line 5b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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7 Underpayment (subtract line 6 from line 4). See instructions.
Overpayment (subtract line 4 from line 6).
(If line 7 shows an underpayment for any installment,
go to Part IV, Exceptions Worksheets.) . . . . . . . . . . . . . . . . . .
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Part II Exceptions to the Penalty
If Exception A, line 8a is met for all four installments, do not attach this form to the return.
(check the applicable boxes)
Yes
No
Yes
No
Yes
No
Yes
No
8 a Exception A – Regular Corporations, line 26. . . . . . . . . . . . .
8a
b Exception A – Large Corporations. See instructions . . . . . . .
8b
9 Exception B (line 42) met? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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10 Exception C (line 64) met? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Part III Figure the Penalty If line 7 shows an underpayment for any installment and one of the three exceptions was not met, figure the penalty for that
installment by completing line 11 through line 22.
11 Enter the earlier of the payment date, or the 15th day
of the 3rd month after the close of the taxable year.
Form 109 filers, see instructions . . . . . . . . . . . . . . . . . . . . . . . .
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12
. .
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Number of days from date shown on line 2 to date shown on line 11
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. . . . . . . . . . . . . . . . . . . . .
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Number of days on line 12 before 7/01/14
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. . . . . . . .
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Number of days on line 12 after 6/30/14 and before 1/01/15
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. . . . . . .
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Number of days on line 12 after 12/31/14 and before 7/01/15
16
.
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Number of days on line 12 after 6/30/15 and before 1/01/16. See inst.
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. . . . . . .
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Number of days on line 12 after 12/31/15 and before 2/15/16
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Number of days on line 13
18
Number of days in taxable year
x 3% x line 7 . . . . . . . . . . . . . . .
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Number of days on line 14
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Number of days in taxable year
x 3% x line 7 . . . . . . . . . . . . . . .
20
Number of days on line 15
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Number of days in taxable year
x 3% x line 7 . . . . . . . . . . . . . . .
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Number of days on line 16
21
Number of days in taxable year
x % (see instructions) x line 7 . .
22
Number of days on line 17
22
Number of days in taxable year
x % (see instructions) x line 7 . .
22a Add amounts for each column from line 18
through line 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22a
22b Total estimated penalty due. Add line 22a, column (a) through column (d). Enter here and on Form 100, line 42a;
Form 100W, line 41a; Form 100S, line 41a; or Form 109, line 25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22b
FTB 5806 2014 Side 1
7691143
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