Form 541 - California Fiduciary Income Tax Return

TAXABLE YEAR

FORM

2001

California Fiduciary Income Tax Return

541

For calendar year 2001 or fiscal year beginning month________ day________ year 2001, and ending month________ day________ year________

¼ ¼ ¼ ¼ ¼

Federal employer identification no. (FEIN)

Name of estate or trust

Type of entity:

(1)

Decedent’s estate

(2)

Simple trust

Name and title of fiduciary

PBA code

(3)

Complex trust

(4)

Grantor type

Address of fiduciary (number and street including suite number, PO Box, or rural route)

PMB no.

trust

(5)

Bankruptcy estate

– Chapter 7

City

State

ZIP Code

(6)

Bankruptcy estate

– Chapter 11

(7)

Pooled income

Check applicable boxes:

Initial return

Final return

REMIC

fund

Amended return. Attach explanation and schedules

Change in fiduciary’s name or address

1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 _________________

2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 _________________

3 Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 _________________

4 Capital gain or (loss). Attach Schedule D (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 _________________

5 Rents, royalties, partnerships, other estates and trusts, etc. Attach federal Schedule E (Form 1040) . . . . . . . . . . . . . . . . .

5 _________________

6 Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 _________________

7 Ordinary gain or (loss). Attach Schedule D-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 _________________

8 Other income. See instructions. State nature of income___________________________________________ . . . . . . . . .

8 _________________

9 Total income. Combine line 1 through line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

_________________

10 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _________________

11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _________________

12 Fiduciary fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 _________________

13 Charitable deduction. Enter the amount from Side 2, Schedule A, line 7 . . . . . . . . . . . . . . . . . .

13 _________________

14 Attorney, accountant, and return preparer fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _________________

15 a Other deductions not subject to 2% floor. Attach schedule . . . . . .

15a _________________

b Allowable misc. itemized deductions subject to 2% floor . . . . . . .

15b _________________

c Total. Add line 15a and line 15b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15c _________________

16 Total. Add line 10 through line 14 and line 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16 _________________

17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 2, Schedule B, line 1 . . . . . . . . . . . . .

17 _________________

18 Income distribution deduction from Side 2, Schedule B, line 15. Attach Schedule K-1 (541) . . . . . . . . . . . . . . . . . . . . . . . .

18 _________________

20 Taxable income of fiduciary. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

_________________

21 a Regular tax __________________; b Other taxes __________________; c QSF tax __________________; d Total

21 _________________

22 Exemption credit ($10.00 for an estate, $1.00 for a trust). See instructions . . . . . . . . . . . . . . . . . . 22 _________________

23 Credits. Attach worksheet. If one credit, enter code

. . . . . . . . . . . . . . . . . . . . . .

23 _________________

Note: If more than one credit, see instructions.

24 Total. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

24 _________________

25 Subtract line 24 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 _________________

26 Alternative minimum tax. Attach Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

26 _________________

27 Tax liability. Add line 25 and line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27 _________________

28 California income tax withheld . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

28 _________________

29 California income tax previously paid. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

29 _________________

30 2001 CA estimated tax, amount applied from 2000 return, and payment with form FTB 3563 . . . . . . . . . . . . . . . . . . . . . . . .

30 _________________

31 Total payments. Add line 28, line 29, and line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 _________________

32 Tax due. Subtract line 31 from line 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

32 _________________

33 Overpaid tax. Subtract line 27 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 _________________

34 Amount of line 33 to be credited to 2002 estimated tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

34 _________________

35 Amount of overpaid tax available this year. Subtract line 34 from line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

35 _________________

36 Total voluntary contributions from Side 2, Schedule C, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 _________________

. . . . .

, , , , ,

37 Refund or No Amount Due. Subtract line 36 from line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

. . . . .

, , , , ,

38 Amount Due. Add line 32 and line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

39 Underpayment of estimated tax. Fill in circle:

FTB 5805 attached

FTB 5805F attached . . . . . . . . . . . . . . . . . . . . . . .

39 _________________

54101104

Form 541