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Changes to 2009 Forms

Updates to the Form 5805F on 06/18/2010 –– Underpayment of Estimated Tax by Farmers and Fishermen

We replaced text on the Form 5805F on Page 1, Part 1, line 7.

Previous Version

2009 withholding taxes from Form 540, line 71, line 73, and line 74; Long Form 540NR, line 81, line 82, and line 84; or Form 541, line 29 and line 31.

Revised Version

2009 withholding taxes from Form 540, line 71 and line 73; Long Form 540NR, line 81 and line 82; or Form 541, line 29 and line 31.

Reason for the changes

The State Disability Insurance was deleted twice. Once on the Underpayment of Estimated Tax Worksheet, Page 2 of the Form 5805F instructions. And on Page 1, line 7 of Form 5805F.

Impact

It will help the taxpayers figure the correct underpayment penalty, by not getting a double deduction for SDI.


Updates to the Form 5805F on 01/13/2010 –– Underpayment of Estimated Tax by Farmers and Fishermen

We replaced text on the Form 5805F:

  • Page 2, line 9 - Alternative Minimum Tax
  • Page 3, line C - Exemptions Credits Limitation Worksheet

Previous Version

  1. Alternative Minimum Tax

    Form 540 filers, multiply the amount on Sch P, line 24 by .9655, less line 2, above. Form 540NR filers, recompute your Sch P, multiply line 24 by .9655. Subtract line 43 of your recomputed Sch P from line 4c, above. Form 541 filers, multiply the amount on Sch P, line 8 by .9655, less line 3a, above. If less than zero, enter zero.

  2. Exemptions Credits Limitations Worksheet

    Subtract line b from line a.

Revised Version

  1. Alternative Minimum Tax

    Form 540 filers, multiply the amount on Sch P, line 24 by .9655, less line 2, above. Form 540NR filers, recompute your Sch P, multiply line 24 by .9655. Subtract line 4c, above, from line 43 of your recomputed Sch P. Form 541 filers, multiply the amount on Sch P, line 8 by .9655, less line 3a, above. If less than zero, enter zero.

  2. Exemptions Credits Limitations Worksheet

    Subtract line b from line a, if zero or less your credits are not limited. Enter your total credits on line 5 of the worksheet.

Reason for the changes

To correct the math formula for the alternative minimum tax and clarify the exemptions credits worksheet.

Impact

It will help the taxpayers figure the correct underpayment penalty.

Back to Tax Form Changes for 2009