Chat with an FTB Representative

Changes to 2007 Form

Updates to 2007 Form 3805P – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts

The revised Internet version is available for download as of 02/28/2008.

Revision Details: Revision 1: To increase the amount of contributions for the 2006 tax year. The taxpayers’ tax liability would increase due to an additional tax on early distribution of $500. Revision 2 and 3: To correct the page references, no tax impact.

  • These updates are located on Form 3805P, Page 2: R1: first column – Tax on Early Distributions. R2: second column – Roth IRA Distributions. R3: second column – Roth IRA Distribution. All 3 revisions are also located on Page 566 of the Package X.

Previously read:

R1:, and the total IRA contributions for the taxable year for which the excess contributions were made were not more than $4,000 or $4,500 if age 50 or older at the end of 2006.

R2: However, the amount to include on line 1 of form FTB 3805P may be smaller if you have an amount on line 18c of the Roth IRA Worksheet on page 8 of your 2001 thru 2007 FTB Pub 1005.

R3: Your 1999-2007 FTB Pub. 1005, page 8, lines 19 and 18c.

Revised to:

R1:, and the total IRA contributions for the taxable year for which the excess contributions were made were not more than $4,000 or $5,000 if age 50 or older at the end of 2006.

R2: However, the amount to include on line 1 of form FTB 3805P may be smaller if you have an amount on line 18c of the Roth IRA Worksheet on page 9 of your 2001 thru 2007 FTB Pub 1005.

R3: Your 1999-2007 FTB Pub. 1005, page 9, lines 19 and 18c.

Back to Tax Form Changes for 2007