Form 3563 - California Payment For Automatic Extension For Fiduciaries - 2015

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2015 Instructions for Form FTB 3563

Payment for Automatic Extension for Fiduciaries

General Information

Make all checks and money orders payable in U.S. dollars and drawn

against a U.S. financial institution.

California does not require filing written extensions. If the fiduciary cannot

Nonexempt charitable trusts as described in Internal Revenue Code

file Form 541, California Fiduciary Income Tax Return, or Form 541-QFT,

Section 4947(a)(1), exempt pension trusts, and simple trusts (that

California Income Tax Return for Qualified Funeral Trusts, by the due date,

have a letter from the FTB authorizing the exempt status) use form

the fiduciary is granted an automatic six-month extension. If the tax return is

FTB 3539, Payment for Automatic Extension for Corporations and Exempt

filed by the 15th day of the 10th month following the close of the taxable year

Organizations.

(fiscal year) or by October 15, 2016 (calendar year), the extension will apply.

Penalties and Interest

If the due date falls on a weekend or holiday, the deadline to file and pay

without penalty is extended to the next business day.

If the fiduciary fails to pay its total tax liability by the original due date of

Use form FTB 3563, Payment for Automatic Extension for Fiduciaries, if both

the tax return, the entity will incur a late payment penalty plus interest.

of the following apply:

To avoid late payment penalties and interest, the fiduciary must pay its

tax liability by the 15th day of the 4th month, following the close of the

• The fiduciary cannot file Form 541 or Form 541-QFT by the original due

taxable year. We may waive the late payment penalty based on reasonable

date.

cause. Reasonable cause is presumed when 90% of the tax shown on the

• Tax is owed for 2015.

tax return is paid by the original due date of the tax return. However, the

Use the worksheet below to determine if tax is owed.

imposition of interest is mandatory. If after the tax return’s due date has

• If tax is not owed, do not complete or mail this form.

passed, the estate or trust finds that its estimate of tax due was too low,

• If tax is owed, complete the fiduciary’s check or money order and

the estate or trust should pay the additional tax as soon as possible to

payment form below, using black or blue ink, and mail both to the

avoid or minimize further accumulation of penalties and interest. Pay the

Franchise Tax Board (FTB) by the 15th day of the 4th month following

estimated additional tax with another form FTB 3563.

the close of the taxable year (fiscal year) or April 15, 2016 (calendar

If the estate’s or trust’s fiduciary tax return is not filed by the 15th day

year), to avoid late payment penalty and interest.

of the 10th month following the close of the taxable year, the automatic

Due to the Emancipation Day holiday on April 16, 2016, tax returns filed and

extension will not apply and a late filing penalty and interest will be

payments mailed or submitted on April 18, 2016, will be considered timely.

assessed from the original due date of the tax return.

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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Payments and credits:

a California income tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b California estimated tax payments and amount applied from the 2014

Form 541 or Form 541-QFT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Other payments and credits, including any tax payments made with any previous

form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Total tax payments and credits. Add line 2a, line 2b, and line 2c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Tax due. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• 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, 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 federal employer identification number (FEIN) and “2015 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

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.

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IF NO PAYMENT IS DUE, DO NOT MAIL THIS FORM

DETACH HERE

(Calendar year – File and Pay by April 18, 2016) (Fiscal year filers – See instructions)

Payment for Automatic Extension

TAXABLE YEAR

CALIFORNIA FORM

2015