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TAXABLE YEAR
FORM
2005
California Fiduciary Income Tax Return
541
For calendar year 2005 or fiscal year beginning month________ day________ year 2005, and ending month________ day________ year________
¼ ¼ ¼ ¼ ¼
Name of estate or trust
FEIN
P
Type of entity:
-
(1)
Decedent’s estate
(2)
Simple trust
Name and title of all fiduciaries, see instructions
PBA Code
AC
(3)
Complex trust
(4)
Grantor type
Address of fiduciary (number and street including suite number, PO Box, or rural route)
PMB no.
A
trust
(5)
Bankruptcy estate
– Chapter 7
City
R
State
ZIP Code
-
(6)
Bankruptcy estate
– Chapter 11
RP
(7)
Pooled income
¼
fund
Check applicable boxes:
Initial return
Final return
REMIC
(8)
ESBT
(S portion only)
Amended return. Attach explanation and schedules
Change in fiduciary’s name or address
(9)
QSST
Trusts that have nonresident trustees or beneficiaries see Side 3, Non-California Source Income and Deduction Apportionment Worksheet.
1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _________________
2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _________________
¼
3 Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 _________________
¼
4 Capital gain or (loss). Attach Schedule D (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 _________________
¼
5 Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) . . . . . . . . . . . . . . . . . .
5 _________________
¼
6 Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 _________________
¼
7 Ordinary gain or (loss). Attach Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 _________________
¼
8 Other income. See instructions. State nature of income___________________________________________ . . . . . . . . . .
8 _________________
¼
9 Total income. Add line 1 through line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9 _________________
_________________
10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _________________
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _________________
¼
12 Fiduciary fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 _________________
¼
13 Charitable deduction. Enter the amount from Side 3, Schedule A, line 7 . . . . . . . . . . . . . . . . . .
13 _________________
14 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _________________
¼
15 a Other deductions not subject to 2% floor. Attach schedule . . . . . .
15a _________________
¼
b Allowable misc. itemized deductions subject to 2% floor . . . . . . .
15b _________________
¼
c Total. Add line 15a and line 15b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15c _________________
¼
16 Total. Add line 10 through line 14 and line 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
16 _________________
¼
17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 3, Schedule B, line 1 . . . . . . . . . . . . .
17 _________________
¼
18 Income distribution deduction from Side 3, Schedule B, line 15. Attach Schedule K-1 (541) . . . . . . . . . . . . . . . . . . . . . . . .
18 _________________
20 Taxable income of fiduciary. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 _________________
¼
21 a Regular tax __________________; b Other taxes __________________; c QSF tax __________________; d Total
21 _________________
22 Exemption credit. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 _________________
¼
¼
23 Credits. Attach worksheet. If one credit, enter code
. . . . . . . . . . . . . . . . . . . . . .
23 _________________
Note: If more than one credit, see instructions.
¼
24 Total. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24 _________________
25 Subtract line 24 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 _________________
¼
26 Alternative minimum tax. Attach Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26 _________________
¼
27 Mental Health Service Tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27 _________________
¼
28 Tax liability. Add line 25, line 26, and line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28 _________________
29 California income tax withheld. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29 _________________
30 California income tax previously paid. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30 _________________
31 Real estate or nonresident withholding (Form(s) 592-B, 593-B, or 594). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . .
31 _________________
32 2005 CA estimated tax, amount applied from 2004 return, and payment with form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . .
32 _________________
33 Total payments. Add line 29, line 30, line 31, and line 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 _________________
34 Tax due. Subtract line 33 from line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34 _________________
54105103
Form 541
2005 Side 1
C1
For Privacy Act Notice, get form FTB 1131.