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Changes to 2004 Forms

2004 - 565 Partnership Tax Booklet

The revised Internet version is available for download as of 04/30/2008

Revision Details:

To correct the requirements for a Limited Partnership (LP) not subject to the annual tax. Currently the instructions use the word “or,” which means that the LP only has to meet one of the three conditions. If the LP meets all 3 of the conditions listed, the LP is not subject to the annual tax:

  • It is not doing business in California.
  • It is not registered in California.
  • It is not organized in California

2004 - 565 Partnership Tax Booklet, page 6, column 1, Heading F - Annual Tax, Sentence 1 and page 354 of the Package X.

Previously read:

A limited partnership that is filing ONLY to report California source income and is NOT:

  • Doing business in California;
  • Registered with the SOS, or
  • Organized in California,
    is NOT subject to the annual tax.

Revised to:

A limited partnership that is filing ONLY to report California source income and is NOT:

  • Doing business in California;
  • Registered with the SOS, and
  • Organized in California,
  • is NOT subject to the annual tax.

This will have a minor tax impact since it refers to only LP’s that are not doing business in California, not registered in California, and not organized in California.

Back to Tax Form Changes for 2004