Looking for a California Tax Forms And Templates? Download it for free!

Electronic Funds Transfer

•

If the corporation or exempt organization does not file its C A tax return by the

extended due date, or the corporation’s powers, rights, and privileges have

Corporations or exempt organizations remitting an estimated tax payment or

been suspended or forfeited by the FTB or the CA S O S, as of the original due

extension payment in excess of $20,000 or having a total tax liability in excess

date, the automatic extension will not apply and a delinquency penalty plus

of $80,000 must remit all of their payments through EFT. Once a corporation

interest will be assessed from the original due date of the C A tax return.

or an exempt organization meets the threshold, all subsequent payments

•

If the corporation or exempt organization is required to remit all of its

regardless of amount, tax type, or taxable year must be remitted electronically

payments electronically and pays by another method, a 10% non-compliance

to avoid a 10% non-compliance penalty. Corporations required to remit

penalty will be assessed.

payments electronically may use Web Pay or Credit Card and be considered in

Combined Reports

compliance with that requirement.

The FTB notifies corporations or exempt organizations that are subject to this

•

If members of a combined unitary group have made or intend to make

requirement. Those that do not meet these requirements may participate on a

an election to file a combined unitary group single return, only the key

voluntary basis. If the corporation or exempt organization pays electronically,

corporation designated to file the return should submit form FTB 3539. The

complete the worksheet for the corporation’s or exempt organization’s records.

key corporation must include payment of at least the minimum franchise

Do not mail form FTB 3539. See General Information for additional information

tax for each corporation of the combined unitary group that is subject to the

regarding electronic payment options. For more information, go to ftb.ca.gov

franchise tax in California.

and search for eft, or call 916.845.4025.

•

If members of a combined unitary group intend to file separate returns with the

FTB, each member must submit its own form FTB 3539 if there is an amount

Where to File

entered on line 3 of the Tax Payment Worksheet.

•

If any member of a combined unitary group meets the requirements for

If tax is due and the corporation or exempt organization is not paying electronically

mandatory EFT, all members must remit their payments electronically,

through EFT, Web Pay, or Credit Card, make a check or money order using black or

regardless of their filing election.

blue ink payable to the “Franchise Tax Board” for the amount of the tax due. Write

the California corporation number, FEIN, or CA SOS file number and “2014 FTB

Exempt Organizations

3539” on the check or money order. Enclose, but do not staple, the payment with

the form FTB 3539 and mail to:

•

Form 100 filers:

FRANCHISE TAX BOARD

The due dates for corporations also apply to the filing of Form 100, California

PO BOX 942857

Corporation Franchise or Income Tax Return, by political action committees

SACRAMENTO CA 94257-0531

and exempt homeowners’ associations.

Mail them to the FTB by the original due date of the return to avoid late payment

Political action committees and exempt homeowners’ associations that file

penalties and interest. For more information, see Penalties and Interest section.

Form 100 should not enter the minimum franchise tax on line 1 of the Tax

Payment Worksheet.

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

U.S. financial institution.

•

Form 199 Filers:

Form 199, California Exempt Organization Annual Information Return, requires

Private Mail Box (PMB)

a $10 filing fee to be paid with the return on the original or extended due date.

Include the P M B in the address field. Write “P M B” first, then the box number.

Use form FTB 3539 only if paying the fee early. Enter the amount of the fee

Example: 111 Main Street P M B 123.

on line 3 of the Tax Payment Worksheet.

Penalties and Interest

•

Form 109 Filers:

The due dates for filing Form 109, California Exempt Organization Business

•

If the corporation or exempt organization fails to pay its total tax liability

Income Tax Return, depend on the type of organization filing the return.

by the original due date, the corporation or exempt organization will incur

Employees’ pension trusts and I R As (including education I R As) must file on

a late payment penalty plus interest. The FTB may waive the late payment

or before the 15th day of the 4th month after the close of their taxable year. All

penalty based on reasonable cause. Reasonable cause is presumed when

other exempt organizations (except homeowners’ associations and political

90% of the tax shown on the return, but not less than minimum franchise

organizations) must file on or before the 15th day of the 5th month after the

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

close of their taxable year.

imposition of interest is mandatory.

TAX PAYMENT WORKSHEET FOR YOUR RECORDS

1 Total tentative tax. Include alternative minimum tax if applicable. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

2 Estimated tax payments including prior year overpayment applied as a credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

3 Tax due. If line 2 is more than line 1, see instructions. If line 1 is more than line 2, subtract line 2 from line 1.

Enter the result here and on form FTB 3539 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

How to Complete the Tax Payment Worksheet

Line 2

Enter the estimated tax payments, including prior year overpayment applied as a

Line 1

credit. S corporations may include any Q Sub annual tax payments.

Enter the total tentative tax, including the alternative minimum tax if applicable,

Line 3

for the taxable year.

Excess payments. If the amount on line 2 is more than the amount on line 1,

•

If filing Form 100, Form 100W, or Form 100S, and subject to franchise

the payments and credits are more than the tentative tax. The corporation

tax, the tentative tax may not be less than the minimum franchise tax and

or exempt organization has no tax due. Do not mail form FTB 3539. The

Qualified Subchapter S Subsidiary (Q Sub) annual tax (S corporations only).

corporation or exempt organization will automatically qualify for an extension

•

If filing Form 100, Form 100 W, or Form 100 S, and subject to income tax,

if the CA tax return is filed by the extended due date and the corporation or

enter the amount of tax. Corporations subject to the income tax do not pay the

exempt organization is in good standing with the FTB and CA S O S.

minimum franchise tax.

Tax due. If the amount on line 1 is more than the amount on line 2, the

•

If a corporation incorporates or qualifies to do business in California on or

corporation or exempt organization’s tentative tax is more than its payments

after January 1, 2000, the corporation will compute its tax liability for the first

and credits. The corporation or exempt organization has tax due.

taxable year by multiplying its state net income by the appropriate tax rate and

Subtract line 2 from line 1. Enter this amount on line 3 and on form FTB 3539.

will not be subject to the minimum franchise tax. The corporation will become

subject to minimum franchise tax beginning in its second taxable year.

•

If filing Form 109, enter the amount of tax. Form 109 filers are not subject to

the minimum franchise tax.

•

If filing Form 199, use form FTB 3539 only if paying the filing fee of $10 early.

Skip line 1 and line 2, and enter the amount of the filing fee on line 3 of the Tax

Payment Worksheet, and on form FTB 3539.

Page 2 FTB 3539 Instructions 2014

Form 3539 (Corp) - California Payment For Automatic Extension For Corps And Exempt Orgs - 2014 Page 2

Related Articles

Related forms

Related Categories