California Payment Voucher for Corps and Exempt Orgs e-filed Returns
Extracted from PDF file 2020-california-form-3586-e-file.pdf, last modified September 2020
Payment Voucher for Corps and Exempt Orgs e-filed Returns2020 Instructions for Form FTB 3586 Payment Voucher for Corporations and Exempt Organizations e-filed Returns Important Information Net Operating Loss (NOL) Carrybacks – For taxable years beginning on or after January 1, 2019, the provision under California Revenue and Taxation Code Section 19131.5 which allowed corporations or exempt organizations expecting a Net Operating Loss (NOL) carryback an extension of time to pay tax, is no longer allowed. General Information Use form FTB 3586, Payment Voucher for Corporations and Exempt Organizations e‑filed Returns, to pay the tax due only if the corporation or exempt organization meets all of the following: • Files its tax return electronically • Has a balance due • Remits payment with a check or money order • Is not required to remit payment electronically If a limited liability company (LLC) elects to be taxed as a corporation for federal tax purposes, the LLC must file form FTB 3586 and enter the California corporation number, Federal employer identification number (FEIN), and California Secretary of State (CA SOS) file number, if applicable, in the space provided. The Franchise Tax Board (FTB) will (1) assign an identification number to an LLC that files as a corporation, and (2) notify the LLC with the identification number upon receipt of the first estimated tax payment, first tax payment, or the first tax return. The LLC will be subject to the applicable provisions of the Corporation Tax Law and should be considered a corporation for purpose of all instructions unless otherwise indicated. Private Mail Box (PMB) – Include the PMB in the address field. Write “PMB” first, then the box number. Example: 111 Main Street PMB 123. Electronic Payment Electronic Funds Transfer (EFT) Corporations or exempt organizations remitting an estimated tax payment or extension payment in excess of $20,000 or having a total tax liability in excess of $80,000 must remit all payments through EFT. Once a corporation or exempt organization meets the threshold, all subsequent payments regardless of amount, tax type, or taxable year must be remitted electronically to avoid a 10% non‑compliance penalty. The first payment that would trigger the mandatory EFT requirement does not have to be made electronically. Corporations or exempt organizations required to remit payments electronically may use electronic funds withdrawal (EFW), Web Pay, or a credit card and be considered in compliance with that requirement. The FTB notifies corporations or exempt organizations that are subject to this requirement. Those that do not meet these requirements may participate on a voluntary basis. For more information, go to ftb.ca.gov and search for eft or call 916.845.4025. Electronic Funds Withdrawal (EFW) Corporations can make an estimated tax and extension payment using tax preparation software. Check with the software provider to determine if they support EFW for estimated tax or extension payments. Exempt organizations can use EFW to make a return payment when e‑filing Form 199, California Exempt Organization Annual Information Return. Web Pay Corporations or exempt organizations can make payments online using Web Pay for Businesses. Corporations or exempt organizations can make an immediate payment or schedule payments up to a year in advance. Go to ftb.ca.gov/pay for more information. Credit Card Corporations or exempt organizations can use Discover, MasterCard, Visa or American Express Card to pay business taxes. Go to officialpayments.com. Official Payments Corporation charges a convenience fee for using this service. If the corporation or exempt organization remits its payment electronically, do not mail the payment voucher. Specific Instructions Is form FTB 3586 preprinted with the corporation’s or exempt organization’s information? Yes. Go to number 1. No. Go to number 2. 1. Verify the corporation’s or exempt organization’s name and address, California corporation number, FEIN, CA SOS file number, telephone number, and amount of payment information is correct before mailing the voucher and the check or money order. If a change is needed to the information, use black or blue ink to draw a line through the incorrect information. Scanning machines may not be able to read other colors. Clearly print the new information. Then, go to number 3. continued on next page Do not mail a paper copy of the corporation’s or exempt organization’s tax return to the FTB. Keep it for the corporation’s or exempt organization’s records. IF NO PAYMENT IS DUE, DO NOT MAIL THIS VOUCHER. DETACH HERE DETACH HERE Calendar year C corporations – File and Pay by April 15, 2021. Calendar year S corporations – File and Pay by March 15, 2021. Calendar year exempt organizations – File and Pay by May 17, 2021. Fiscal year filers – See instructions. TAXABLE YEAR 2020 Payment Voucher for Corporations and Exempt Organizations e-filed Returns CALIFORNIA FORM 3586 (e-file) For calendar year 2020 or fiscal year beginning (mm/dd/yyyy)_____________, and ending (mm/dd/yyyy)___________. California corporation number FEIN California Secretary of State (SOS) file number This payment is for Form: □ 100, 100W, or 100S □ 199 Corporation/exempt organization name Address (suite, room, or PMB no.) City Telephone State Do not mail a copy of the tax return with this payment voucher. Caution: You may be required to pay electronically. See instructions. 6181203 ZIP code Amount of payment . 00 FTB 3586 2020 2. If there is a balance due, complete the voucher included in these instructions with black or blue ink. Scanning machines may not be able to read other ink colors. Print the corporation’s or exempt organization’s name and address (in CAPITAL LETTERS), California corporation number, FEIN, CA SOS file number, telephone number, and amount of payment in the space provided. 3. The information on form FTB 3586 should match the information that was electronically transmitted to the FTB and the information printed on the paper copy of the corporation’s or exempt organization’s 2020 tax return. Using black or blue ink, make the check or money order payable to the “Franchise Tax Board.” Write the California corporation number, FEIN, CA SOS file number and “2020 FTB 3586” on the check or money order. A penalty may be imposed if the payment is returned by the bank for insufficient funds. Make all checks or money orders payable in U.S. dollars and drawn against a U.S. financial institution. 4. Enclose, but do not staple the check or money order with voucher and mail to: FRANCHISE TAX BOARD PO BOX 942857 SACRAMENTO CA 94257‑0531 Page 2 FTB 3586 Instructions 2020 When to Make Payment Penalties and Interest If there is a balance due on the corporation’s or exempt organization’s 2020 tax return, mail form FTB 3586 with the payment to the address listed under Specific Instructions, number 4. Payment of Tax Due Dates: Form 100 or 100W Calendar Year April 15, 2021 Fiscal Year 15th day of the 4th month following the close of the taxable year. Form 100S Calendar Year March 15, 2021 Fiscal Year 15th day of the 3rd month following the close of the taxable year. Form 100 for farmers’ cooperative Calendar Year September 15, 2021 Fiscal Year 15th day of the 9th month following the close of the taxable year. Form 199 Calendar Year May 17, 2021 Fiscal Year 15th day of the 5th month following the close of the taxable year. When the due date falls on a weekend or holiday, the deadline to file and pay without penalty is extended to the next business day. If the corporation or exempt organization fails to pay its total tax liability by the original due date, the corporation or exempt organization will incur a late payment penalty plus interest. The FTB may waive the late payment penalty based on reasonable cause. Reasonable cause is presumed when 90% of the tax shown on the return, but not less than minimum franchise tax if applicable, is paid by the original due date of the return. However, the imposition of interest is mandatory. If the corporation or exempt organization does not file its California tax return by the extended due date, or the corporation’s powers, rights, and privileges have been suspended or forfeited by the FTB or the CA SOS as of the original due date, the automatic extension will not apply and a delinquency penalty plus interest will be assessed from the original due date of the California tax return. If the corporation or exempt organization is required to remit all of its payments electronically and pays by another method, a 10% non‑compliance penalty will be assessed.
2020 California Form 3586 e-file Payment Voucher for Corporations and Exempt Organizations e-filed Returns
More about the California Form 3586 e-File Corporate Income Tax Voucher TY 2020
This form includes specific instructions on how to make electronic payment based on what you are paying with, when to make that payment, and penalties and interest involving e-file payment.
We last updated the Payment Voucher for Corps and Exempt Orgs e-filed Returns in February 2021, so this is the latest version of Form 3586 e-File, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 3586 e-File directly from TaxFormFinder. You can print other California tax forms here.
Other California Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 100-ES||Corporation Estimated Tax|
|3805-Z Booklet||Enterprise Zone Business Booklet|
|Form 541-B Form||Charitable Remainder and Pooled Income Trusts|
|Form 541||California Fiduciary Income Tax Return|
|Form 3522||Limited Liability Company Tax Voucher|
California usually releases forms for the current tax year between January and April. We last updated California Form 3586 e-File from the Franchise Tax Board in February 2021.
Form 3586 e-File is a California Corporate Income Tax form. Payment vouchers are provided to accompany checks mailed to pay off tax liabilities, and are used by the revenue department to record the purpose of the check and the SSN/EIN of the taxpayer who sent it. Many states recommend that taxpayers also write their social security number and the purpose of the payment on the check itself, in case the accompanying payment voucher is misplaced or destroyed.
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 3586 e-File
We have a total of nine past-year versions of Form 3586 e-File in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2020 California Form 3586 e-file Payment Voucher for Corporations and Exempt Organizations e-filed Returns
2019 California Form 3586 e-file Payment Voucher for Corporations and Exempt Organizations e-filed Returns
2018 Form 3586 - e-file Payment Voucher for Corporations and Exempt Organizations e-filed Returns
2017 Form 3586 - Instructions for Form FTB 3586 Payment Voucher for Corporations and Exempt Organizations e-filed Returns
2016 Form 3586 - 2016 Instructions for Form FTB 3586 - Payment Voucher for Corporations ans Exempt Organizations e-filed Returns
2015 Form 3586 -- Payment Voucher for Corps and Exempt Orgs e-filed Returns
2014 Form 3586 -- Payment Voucher for Corps and Exempt Orgs e-filed Returns
2013 Form 3586 -- Payment Voucher for Corps and Exempt Orgs e-filed Returns
2011 Form 3586 -- Payment Voucher for Corps and Exempt Orgs e-filed Returns
While we do our best to keep our list of California Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.