Form 541 - California Fiduciary Income Tax Return - 2014
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3Get 541 Booklet to see the instructions for the 541 Form
TAXABLE YEAR
FORM
California Fiduciary Income Tax Return
2014
541
For calendar year 2014 or fiscal year beginning (mm/dd/yyyy)
, and ending (mm/dd/yyyy)
.
Name of estate or trust
FEIN
Type of entity.
A
Check all that apply.
(1)
Decedent’s estate
R
Name and title of all fiduciaries, see instructions
(2)
Simple trust
(3)
Complex trust
RP
Additional information (see instructions)
PBA Code
(4)
Grantor trust
(5)
Bankruptcy estate
– Chapter 7
Street address (number and street) or PO Box
Apt no./Suite no.
PMB/Private mailbox
(6)
Bankruptcy estate
– Chapter 11
City (If you have a foreign address, see page 7)
State
ZIP code
(7)
Pooled income
fund
(8)
ESBT
Foreign country name
Foreign province/state/county
Foreign postal code
(9)
QSST
(10)
Apportioning
Trust
Check
Initial tax return Final tax return REMIC
applicable boxes:
Amended tax return Change in fiduciary’s name or address
Trusts that have nonresident trustees and/or nonresident beneficiaries must first complete Schedule G on Side 3.
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1 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
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2 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
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3 Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
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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
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6 Farm income or (loss). Attach federal Schedule F (Form 1040) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
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7 Ordinary gain or (loss). Attach Schedule D-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
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8 Other income. See instructions. State nature of income___________________________________________ . . . . . . .
8
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9 Total income. Add line 1 through line 8. (Apportioning fiduciaries: Complete Schedule G on Side 3) . . . . . . . . . . . . . . .
9
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10 Interest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
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12 Fiduciary fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
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13 Charitable deduction. Enter the amount from Side 2, Schedule A, line 5.. . . . . . . . . . . .
13
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14 Attorney, accountant, and tax return preparer fees. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
a
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15
Other deductions not subject to 2% floor. Attach schedule.
1 5a
b Allowable misc. itemized deductions subject to 2% floor . . . .
1 5b
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c Total. Add line 15a and line 15b.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 5c
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16 Total. Add line 10 through line 14 and line 15c. (Apportioning fiduciaries: Complete Schedule G on Side 3) . . . . . . . . .
16
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17 Adjusted total income (or loss). Subtract line 16 from line 9. Enter here and on Side 3, Schedule B, line 1 . . . . . . . . . .
17
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18 Income distribution deduction from Side 3, Schedule B, line 15. Attach Schedule K-1 (541) . . . . . . . . . . . . . . . . . . . . .
18
20 a Taxable income of fiduciary. Subtract line 18 from line 17.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20a
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b ESBT taxable income (S-portion only) See instructions.. . . . . . . . . . . . . . . . . . . . .
2 0b
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21 a Regular tax ________________; b Other taxes ________________; c QSF tax ________________; d Total . . .
21
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22 Exemption credit. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
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23 Credits. Attach worksheet. Enter code
and amount . . . . . . . . . . . . . . .
23
If more than one credit, see instructions.
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24 Total. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24
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25 Subtract line 24 from line 21. If less than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
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26 Alternative minimum tax. Attach Schedule P (541) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
26
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27 Mental Health Services Tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
28 Total tax. Add line 25, line 26, and line 27. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
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29 California income tax withheld. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
29
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30 California income tax previously paid. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
30
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31 2014 Real estate and other withholding. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
31
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32 2014 CA estimated tax, amount applied from 2013 tax return, and payment with form FTB 3563. . . . . . . . . . . . . . . . . .
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33 Total payments. Add line 29, line 30, line 31, and line 32. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33
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34 Tax due. Subtract line 33 from line 28.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Form 541
2014 Side 1
C1
3161143
For Privacy Notice, get FTB 1131 ENG/SP
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