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California Free Printable 2020 Form 3551 Sale of Credit Attributable to an Independent Film for 2020 California Sale of Credit Attributable to an Independent Film (Fill-in)

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Sale of Credit Attributable to an Independent Film (Fill-in)
2020 Form 3551 Sale of Credit Attributable to an Independent Film

TAXABLE YEAR 2020 Sale of Credit Attributable to an Independent Film CALIFORNIA FORM Buyer Seller Part I – Seller and Buyer Information. See instructions.  Check the box if the seller is a Single Member Limited Liability Company (SMLLC). If you are an LLC please choose the appropriate box selecting your election to be treated as a   partnership  3551  corporation Name on CFC Tax Credit Certificate. All sellers complete.  SSN or ITIN   CA Corporation no.   FEIN Address (suite, room, PO Box, or PMB no.) CA Secretary of State file number City State Partner, member, or shareholder name. Leave blank, if same name as above.  SSN or ITIN   CA Corporation no.   FEIN Address (suite, room, PO Box, or PMB no.) CA Secretary of State file number City State Buyer name  SSN or ITIN   CA Corporation no.   FEIN Address (suite, room, PO Box, or PMB no.) CA Secretary of State file number City State Zip code Zip code Zip code Part II – Independent Film Questionnaire. See instructions .  1. Is the credit being sold attributable to an independent film? See instructions, General Information B, Definitions.  Yes . Go to question 2 .  No . Stop . The credit cannot be sold . Only a credit attributable to an independent film can be sold . Do not complete the rest of the form .  2. To determine if the credit can be sold, answer the following questions: a Did you purchase the credit from another taxpayer? . . . .  Yes   No b Is the credit being sold to more than one taxpayer? . . . . .  Yes   No c Is the buyer a related party? . . . . . . . . . . . . . . . . . . . . . . .  Yes   No If you answer “Yes” to any of the questions, STOP. The credit cannot be sold. Do not complete the rest of the form. If you answer “No” to all of the questions (in question 2), go to question 3. 3. Did this credit pass-through more than one entity?    Yes   No If you answer “Yes,” you are required to attach an additional schedule (see instructions for Part II), then go to Part III. If “No,” go to Part III. Part III – Credit Information. See instructions . 4 From CFC Tax Credit Certificate, enter: 5 Final Tax Credit amount shown on certificate. 6 Total amount of distributive share of credit if seller is a partner, member, or shareholder. See instructions. 8 Total amount of consideration received. 9 Total amount of credit seller applied or will apply to CDTFA qualified sales and use taxes. Tax Credit Certificate No .: Seller’s Permit No .: 7 Total amount of credit being sold. Sign Here Seller’s or Officer’s signature  Title Date Telephone  Paid Preparer’s Preparer’s signature   Use Only Firm’s name (or yours, if self-employed) and address Date Check if selfemployed   PTIN   Telephone May the FTB discuss this form with the preparer shown above? . . . . . . . . . . . . . . . . . . . . . . . For Privacy Notice, get FTB 1131 ENG/SP. Firm’s FEIN 8291203   Yes   No FTB 3551  2019  Side 1
Extracted from PDF file 2020-california-form-3551.pdf, last modified December 2019

More about the California Form 3551 Corporate Income Tax Tax Credit TY 2020

We last updated the Sale of Credit Attributable to an Independent Film (Fill-in) in April 2020, so this is the latest version of Form 3551, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form 3551 directly from TaxFormFinder. You can print other California tax forms here.

Other California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 568 Schedule K-1 Member's Share of Income, Deductions, Credits, etc. (Fill-in)
Form 3522 Limited Liability Company Tax Voucher
3805-Z Booklet Enterprise Zone Business Booklet
Form 541 Schedule K-1 Beneficiary's Share of Income, Deductions, Credits, etc.
Form 541 California Fiduciary Income Tax Return

Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 3551 from the Franchise Tax Board in April 2020.

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Form 3551 is a California Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of California Form 3551

We have a total of nine past-year versions of Form 3551 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 3551

2020 Form 3551 Sale of Credit Attributable to an Independent Film

2018 Form 3551

2018 Form 3551 - Sale of Credit Attributable to an Independent Film

2017 Form 3551

2017 Form 3551 -- Sale of Credit Attributable to an Independent Film

2016 Form 3551

2016 Form 3551 -- Sale of Credit Attributable to an Independent Film

Sale of Credit Attributable to an Independent Film (Fill-in) 2015 Form 3551

2015 Form 3551 -- Sale of Credit Attributable to an Independent Film

Sale of Credit Attributable to an Independent Film 2014 Form 3551

2014 Form 3551 -- Sale of Credit Attributable to an Independent Film

Sale of Credit Attributable to an Independent Film 2013 Form 3551

2013 Form 3551 -- Sale of Credit Attributable to an Independent Film

2012 California Form 3551 2012 Form 3551

2012 Form 3551 -- Sale of Credit Attributable to an Independent Film

2011 California Form 3551 2011 Form 3551

2011 Form 3551 -- Sale of Credit Attributable to an Independent Film


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