Chat with an FTB Representative

Changes to 2005 Forms

2005 Updates to Form 3805Q

Revision Date: 4/7/2006

Revision Details: FTB 3805Q Instructions, Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations

A revision is required to the date reference of 2004 instead of 2005 in the following booklets, on the pages referenced.

  • FTB 3805Q Instructions for the flat, Page 3, Column 3; Form 100S Booklet, 3805Q Instructions, Page 46, Column 3; Form 100W Booklet, 3805Q Instructions, Page 46, Column 3; and Form 100 Booklet, 3805Q Instructions, Page 40, Column 3 all under Line 3 - Current year Disaster Loss, second bullet

It should read:

If the corporation did not elect to deduct the current year disaster loss in the prior year: .....

  • In column (f), enter the disaster loss used in 2005.

The revision is to correct the amount of NOL that reduces income to reflect correct liability.

This revision is required for all printed products.
The revised internet version is available for download.


2005 Updates to Form 3805Q

Revision Date: 03/02/06

Revision Details: FTB 3805Q Instructions, Net Operating Loss (NOL) Computation and NOL and Disaster Loss Limitations - Corporations.

The current chart of declared disasters in the preceding booklets and flats, page 3, did not contain information regarding the Northern California flooding, mudslides, and landslides.

  • FTB 3805Q, Page 3, column 2, List of events that have been declared disasters

It should read:

2006 27 Northern California flooding, mudslides, and landslides
2005

These changes must be made to the instruction in 2005 Package X, page 91; Form 100 Booklet, page 40, Form 100W Booklet, page 46; Form 100S Booklet, page 46, and the flat version of the instructions for form FTB 3805Q, page 3.

This revision will lower the taxpayer's tax liability, if they have suffered from this disaster. Also, the taxpayer could decide to claim this disaster on their 2004 amended tax return if the disaster occurred in 2005 as opposed to claiming it on their 2005 tax return.

The revised internet version is available for download.

Back to Tax Form Changes for 2005