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Changes to 2008 Forms

Updates to 2008 Form FTB 3539, Payment for Automatic Extension for Corps and Exempt Orgs

The revised Internet version is available for download as of 01/28/2009.

Revision Details:The current form FTB 3539's instructions indicate that corporations or exempt organizations that meet certain requirements must remit all of their payments through EFT rather than by paper checks. These instructions are not clearly stating that the first payment of $20,000 or total tax liability of $80,000 does not need to be submitted electronically. We revised the instructions to clarify that once the corporation or exempt organization meets the EFT threshold requirements, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty.

  • This update is located on page 1, column 2, under Electronic Funds Transfer Section of Form FTB 3539. Also located on Page 33 of the Form 100 Booklet and Page 41 of the Form 100W and 100S Booklets.

Previously read:

Corporations or exempt organizations that meet certain requirements must remit all of their payments through EFT rather than by paper checks or money orders to avoid the EFT penalty. Corporations or exempt organizations that remit an estimated tax payment or extension payment in excess of $20,000 or that have a total tax liability in excess of $80,000 must remit all of their payments through EFT.

Revised to:

Corporations or exempt organizations that remit an estimated tax payment or extension payment in excess of $20,000 or that have a total tax liability in excess of $80,000 must remit all of their payments through EFT. Once a corporation or exempt organization meets the threshold, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non-compliance EFT penalty.

This revision does not impact tax liability

Back to Tax Form Changes for 2008