Form 3563 (541) - California Payment For Automatic Extension For Fiduciaries - 2014

ADVERTISEMENT

2014 Instructions for Form FTB 3563
Payment for Automatic Extension for Fiduciaries
General Information
Nonexempt charitable trusts as described in Internal Revenue Code
Section 4947(a)(1), exempt pension trusts, and simple trusts (that have
California does not require filing written extensions. If the fiduciary cannot
a letter from the FTB authorizing the exempt status) use form FTB 3539,
file Form 541, California Fiduciary Income Tax Return, or Form 541-QFT,
Payment for Automatic Extension for Corps and Exempt Orgs.
California Income Tax Return for Qualified Funeral Trusts, by the due date,
the fiduciary is granted an automatic six-month extension. If the tax return
Penalties and Interest
is filed by the 15th day of the 10th month following the close of the taxable
If the fiduciary fails to pay its total tax liability by the original due date of
year (fiscal year) or by October 15, 2015 (calendar year), the extension will
the tax return, the entity will incur a late payment penalty plus interest. To
apply.
avoid late payment penalties and interest, the fiduciary must pay its tax
Use form FTB 3563, Payment for Automatic Extension for Fiduciaries, if both
liability by the 15th day of the 4th month, following the close of the taxable
of the following apply:
year. We may waive the late payment penalty based on reasonable cause.
• The fiduciary cannot file Form 541 or Form 541-QFT by the original due
Reasonable cause is presumed when 90% of the tax shown on the return
date.
is paid by the original due date of the return. However, the imposition of
• Tax is owed for 2014.
interest is mandatory. If after the tax return’s due date has passed, the
estate or trust finds that its estimate of tax due was too low, the estate
Use the worksheet below to determine if tax is owed.
or trust should pay the additional tax as soon as possible to avoid or
• If tax is not owed, do not complete or mail this form.
minimize further accumulation of penalties and interest. Pay the estimated
• If tax is owed, complete the fiduciary’s check or money order and
additional tax with another form FTB 3563.
payment form below, using black or blue ink, and mail both to the
If the estate’s or trust’s fiduciary tax return is not filed by the 15th day
Franchise Tax Board (FTB) by the 15th day of the 4th month following
of the 10th month following the close of the taxable year, the automatic
the close of the taxable year (fiscal year) or April 15, 2015 (calendar
extension will not apply and a late filing penalty and interest will be
year), to avoid late payment penalty and interest.
assessed from the original due date of the tax return.
Make all checks and money orders payable in U.S. dollars and drawn
against a U.S. financial institution.
TAX PAYMENT WORKSHEET FOR YOUR RECORDS
1 Total tax the estate or trust expects to owe. This is the amount you expect to enter
on Form 541, line 28 or Form 541-QFT, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
00
2 Payments and credits:
a California income tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a
00
b California estimated tax payments and amount applied from the 2013
Form 541 or Form 541-QFT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2b
00
c Other payments and credits, including any tax payments made with any previous
form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2c
00
3 Total tax payments and credits. Add line 2a, line 2b, and line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
00
4 Tax due. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
00
If the amount on line 3 is more than the amount on line 1, the estate or trust has no tax due. Do not mail this form.
If the amount on line 1 is more than the amount on line 3, subtract line 3 from line 1. This is the estate’s or trust’s tax due.
Enter the result on line 4 and on the “Amount of payment” line on the form FTB 3563 below. Using black or blue ink, make a check or money order payable
to the “Franchise Tax Board,” and write the FEIN and “2014 FTB 3563” on it. Enclose, but do not staple, your payment to form FTB 3563 and mail both to:
FRANCHISE TAX BOARD, PO BOX 942867, SACRAMENTO CA 94267-0008
If the tax return is filed by the 15th day of the 10th month following the close of the taxable year (fiscal year) or by October 15, 2015 (calendar year),
the extension will apply.
Save the completed worksheet as a permanent part of the estate’s or trust’s tax records along with the copy of the tax return.
IF NO PAYMENT IS DUE, DO NOT MAIL THIS FORM
DETACH HERE
DETACH HERE
(Calendar year – File and Pay by April 15, 2015) (Fiscal year filers - See instructions)
Payment for Automatic Extension
TAXABLE YEAR
CALIFORNIA FORM
2014
3563 (541)
for Fiduciaries
For calendar year 2014 or fiscal year beginning (mm/dd/yyyy) _______________, and ending (mm/dd/yyyy) _______________.
Name of estate or trust
FEIN
-
Name and title of fiduciary
Address (number and street, suite, PO Box, or PMB no.)
State
City
ZIP Code
-
IF PAYMENT IS DUE, MAIL TO:
Amount of payment
}
If amount of payment is
FRANCHISE TAX BOARD
00
.
PO BOX 942867
,
,
zero, do not mail form
SACRAMENTO CA 94267-0008
FTB 3563 2014
1231143
For Privacy Notice, get FTB 1131 ENG/SP.

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go