California Form 3540 - Credit Carryover And Recapture Summary - 2012
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TAXABLE YEAR
CALIFORNIA FORM
Recapture Summary
2012
3540
Attach to your California tax return.
SSN or ITIN
Corporation no.
FEIN
Name(s) as shown on your California tax return
California Secretary of State (SOS) file number
Part I – Credit Carryover
(a)
(b)
(c)
(d)
(e)
Code
Name of
Credit carryover available
Credit carryover
Credit carryover to
used this year
future years
repealed credit
from prior years
Part II – Credit Recapture (See Credit Recapture Instructions)
(a)
(b)
(c)
Total credit claimed for all years
Proration percentage:
Credit recapture amount
Employer Childcare
(60 months less number of months facility
column (a) x column (b)
Program Credit (ECPC)
operated ÷ 60 months)
___ ___ ___ . ___ ___ ___ ___
Code 189
(a)
(b)
(c)
Total credit claimed for all years
Proration percentage:
Credit recapture amount
Farm Worker Housing
(360 months less number of months facility
column (a) x column (b)
Credit (FWHC)
operated ÷ 360 months)
___ ___ ___ . ___ ___ ___ ___
Code 207
You must keep your old tax returns along with the appropriate
What’s New
information to substantiate that you are entitled to the credits claimed
For taxable years beginning on or after January 1, 2012, the Employer
on this form. The FTB can request that information even on tax returns
Childcare Program Credit (Code 189) and the Employer Childcare
for years that are past the statute of limitations.
Contribution Credit (Code 190) were repealed and Form 3501,
You do not need to complete this form if you file Schedule P (100.
Employer Childcare Program/Contribution Credit, became obsolete.
100W. 540, 540NR, or 541). However, complete this form if you are
You may use this form to claim the unused credit carryover of the
required to report a credit recapture on Part II.
Employer Childcare Program Credit, and the Employer Childcare
B Assignment of Credits
Contribution Credit.
A credit recapture section was added to recapture the Employer
Assigned Credits to Affiliated Corporations – For taxable years
Childcare Program Credit (ECPC) and Farm Worker Housing Credit
beginning on or after July 1, 2008, credits earned by members of a
(FWHC).
combined reporting group may be assigned to an affiliated corporation
that is a member of the same combined reporting group. A credit
General Information
assigned may only be applied by the affiliated corporation against their
References in these instructions are to the California Revenue and
tax in a taxable year beginning on or after January 1, 2010.
Taxation Code (R&TC).
For more information, get form FTB 3544, Election to Assign Credit
Part I Carryover
Within Combined Reporting Group, or form FTB 3544A, List of
Assigned Credit Received and/or Claimed by Assignee or go to
A Purpose
ftb.ca.gov and search for credit assignment.
C Credit Carryover
Use form FTB 3540, Credit Carryover and Recapture Summary, Part I,
to figure a prior year credit carryover of one or more repealed credits
Use the credit code number listed to the left of the credit name when
that no longer have separate credit forms. Credit carryovers may
you enter the credit amount on your tax return.
not be carried back and applied against a prior year’s tax. The repeal
dates have passed for the credits listed on this form, however, these
credits have carryover provisions. You may claim these credits only if
carryovers are available from a prior year(s).
FTB 3540 2012 Side 1
7351123
For Privacy Notice, get form FTB 1131.
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