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Changes to 2010 Forms

Updates to the Form 3834 Instructions on 05/12/2011—Instructions for 3834 Form, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts

We added text on the Form 3834 Instruction on Page 3, Column 1, Line 9 and Line 10, second bullet item.

Previous Version

  • If you have a tax due (line 10), make a check or money order, using black or blue ink, payable to “Franchise Tax Board” for the full amount. Write your social security number, individual taxpayer identification number, or California corporation number, the taxable year, and “FTB 3834” on the check or money order. Enclose, but do not staple, payment with form FTB 3834 and mail to:

    FRANCHISE TAX BOARD
    PO BOX 942867
    SACRAMENTO CA 94267-0001

Revised Version

  • If you have a tax due (line 10), and are not paying electronically, make a check or money order, using black or blue ink, payable to “Franchise Tax Board” for the full amount. Write your social security number, individual taxpayer identification number, or California corporation number, the taxable year, and “FTB 3834” on the check or money order. Enclose, but do not staple, payment with form FTB 3834 and mail to:

    FRANCHISE TAX BOARD
    PO BOX 942867
    SACRAMENTO CA 94267-0001

Mandatory Electronic Payments – You are required to remit all your payments electronically once you make an estimate or extension payment exceeding $20,000 or you file an original tax return with a total tax liability over $80,000 for any taxable year that begins on or after January 1, 2009. Once you meet this threshold, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically. The first payment that would trigger the mandatory e-pay requirement does not have to be made electronically. Individuals that do not send the payment electronically will be subject to a one percent noncompliance penalty. You can request a waiver from mandatory e-pay if one or more of the following is true:

  • You have not made an estimated tax or extension payment in excess of $20,000 during the current or previous taxable year.
  • Your total tax liability reported for the previous taxable year did not exceed $80,000.
  • The amount you paid is not representative of your total tax liability.

Electronic payments can be made using Web Pay on FTB’s website, electronic funds withdrawal (EFW) as part of the e-file return, or your credit card. For more information or to obtain the waiver form, go to ftb.ca.gov and search for mandatory epay.

Fiduciaries, estates, and trusts are not required to make payments electronically, regardless of the amount owed.

Reason for the changes

The mandatory electronic payment language is being added to instruct taxpayers when and how to file electronically. Previous instruction only addressed payments by check or money order.

Impact

There is no tax impact.

Back to Tax Form Changes for 2010