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Changes to 2008 Forms

Update to 2008 FTB 3834, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts (instructions only)

The revised Internet version is available for download as of 02/18/2009.

Revision Details: We are revising the instructions to include the interest rate and corporation overpayment rate for January 1, 2009, through June 30, 2009.

  • These updates are located in FTB 3834: 1. Page 2, column 3, end of the interest rate table.
    2. Page 3, column 1, end of the corporate overpayment rate.

Previously read:

1. July 1, 2008, through December 31, 2008 . . . . . 7%
2. July 1, 2008, through December 31, 2008 . . . . . 3%

Revised to:

1. January 1, 2009, through June 30, 2009 . . . . . . 5%
2. January 1, 2009, through June 30, 2009 . . . . . . 2%

No impact to tax liability

Back to Tax Form Changes for 2008