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Changes to 2005 Forms

2005 – 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
  • 2005–565 Partnership Tax Booklet, page 6, column 1, Heading F–Annual Tax, Sentence 3 and page 371 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.


2005 Updates to Form 565 Booklet

Revision Date: 12/31/2005

Revision Details: Form 565, Side 1, Revision of page number within Caution information.

  • Location of revision is within the Caution line, directly below the entity information boxes.

It should read:

Caution: Include only trade or business income and expenses on line 1a through line 22 below. See the instructions for more information.

This revision is needed to printed products Form 565, Side 1, page 19 of the 565 Booklet, and Side 1, of the flat version and package X.

The revised internet version is available for download.

Back to Tax Form Changes for 2005