Skip to Main Content
State of California Franchise Tax Board

Changes to 2007 Form

Updates to 2007 Form 3805P – Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts

The revised Internet version is available for download as of 02/28/2008.

Revision Details: Revision 1: To increase the amount of contributions for the 2006 tax year. The taxpayers’ tax liability would increase due to an additional tax on early distribution of $500. Revision 2 and 3: To correct the page references, no tax impact.

  • These updates are located on Form 3805P, Page 2: R1: first column – Tax on Early Distributions. R2: second column – Roth IRA Distributions. R3: second column – Roth IRA Distribution. All 3 revisions are also located on Page 566 of the Package X.

Previously read:

R1:, and the total IRA contributions for the taxable year for which the excess contributions were made were not more than $4,000 or $4,500 if age 50 or older at the end of 2006.

R2: However, the amount to include on line 1 of form FTB 3805P may be smaller if you have an amount on line 18c of the Roth IRA Worksheet on page 8 of your 2001 thru 2007 FTB Pub 1005.

R3: Your 1999-2007 FTB Pub. 1005, page 8, lines 19 and 18c.

Revised to:

R1:, and the total IRA contributions for the taxable year for which the excess contributions were made were not more than $4,000 or $5,000 if age 50 or older at the end of 2006.

R2: However, the amount to include on line 1 of form FTB 3805P may be smaller if you have an amount on line 18c of the Roth IRA Worksheet on page 9 of your 2001 thru 2007 FTB Pub 1005.

R3: Your 1999-2007 FTB Pub. 1005, page 9, lines 19 and 18c.

Back to Tax Form Changes for 2007

Help us improve our website

Don't include social security numbers or other personal/confidential information.



Thank you for your help.

If you need assistance, contact us.

Oops! Something went wrong.

We appreciate your feedback. Please try again later

Chat with an FTB Representative
 

You are leaving ftb.ca.gov

We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site's security and confidentiality statements before using the site.

If you have any issues or technical problems, contact that site for assistance.

Ahora está saliendo de ftb.ca.gov

Nosotros no controlamos el sitio web al que se destina y no podemos aceptar ninguna responsabilidad por su contenido, enlaces, u ofertas. Revise las declaraciones de seguridad y confidencialidad del sitio antes de usar el sitio. Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.

Si tiene algún problema en general o técnico, comuníquese con ese sitio para obtener asistencia.