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California Free Printable 2019 Form 5805 Underpayment of Estimated Tax by Individuals and Fiduciaries for 2021 California Underpayment of Estimated Tax by Individuals

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Underpayment of Estimated Tax by Individuals
2019 Form 5805 Underpayment of Estimated Tax by Individuals and Fiduciaries

Underpayment of Estimated Tax by Individuals and Fiduciaries TAXABLE YEAR 2019 CALIFORNIA FORM 5805 Attach this form to the back of your Form 540, Form 540NR, or Form 541. Also, check the box for underpayment of estimated tax located on Form 540, line 113; Form 540NR, line 123; or Form 541, line 44, whichever applies. Name(s) as shown on return SSN, ITIN, or FEIN IMPORTANT: In most cases, the Franchise Tax Board (FTB) can figure the penalty for you and you do not have to complete this form. See General Information B. If you meet any of the following conditions, you do not owe a penalty for underpayment of estimated tax. Do not complete or file this form if: • The amount of your tax liability (not including tax on lump-sum distributions and accumulation distribution of trusts) less credits (including the withholding credit) but not including estimated tax payments for either 2018 or 2019 was less than $500 (or less than $250 if married/RDP filing a separate return). • Your 2018 return was for a full 12 months (or would have been if you were required to file) and you did not have any tax liability on that return. • The amount of your withholding plus your estimated tax payments, if paid in the required installments, is at least 90% of the tax shown on your 2019 return or 100% of the tax shown on your 2018 return (110% if California adjusted gross income (AGI) was more than $150,000 or $75,000 if married/RDP filing a separate return) and you are not using the annualized income installment method. Taxpayers with California AGI equal to or greater than $1,000,000 (or $500,000 if married/RDP filing a separate return), must use the tax shown on their 2019 tax return if they do not meet one of the two conditions above. Part I 1 Questions. All filers must complete this part. Estates and Trusts, see General information E. Are you requesting a waiver of the penalty? If “Yes,” provide an explanation below and be sure to check the box on Form 540, line 113; Form 540NR, line 123; or Form 541, line 44. If you need additional space, attach a statement. See General Information C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Did you use the annualized income installment method? If “Yes,” see instructions for Part III and be sure to check the box on Form 540, line 113; Form 540NR, line 123; or Form 541, line 44. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Was your California withholding not withheld in equal installments and are you able to show the actual amounts withheld per period and the actual dates withheld? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 If “Yes,” enter the actual uneven amounts withheld on the spaces provided below. The total of the four amounts must equal the total withholding reported on Form 540, line 71 and line 73; Form 540NR, line 81 and line 83; or Form 541, line 29 and line 31. 4/15/19 4 $ ; 6/15/19 $ ; 9/15/19 $ ; 1/15/20 □ Yes □ No □ Yes □ No □ Yes □ No □ N/A $ For estates and trusts: Was the date of death less than two years from the end of the taxable year? See General Information E . . 4 . □ Yes □ No This space reserved for 2D barcode For Privacy Notice, get FTB 1131 ENG/SP. 7671193 FTB 5805 2019 Side 1 Part II Required Annual Payment. All filers must complete this part. . 00 1 Current year tax. Enter your 2019 tax after credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Multiply line 1 by 90% (.90) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 3 Withholding taxes. Do not include any estimated tax payments on this line. See instructions . . . . . . . . . . . . . . . . . . . . . . . . 3 . 00 4 Subtract line 3 from line 1. If less than $500 (or less than $250 if married/RDP filing a separate return), stop here. You do not owe the penalty. Do not file form FTB 5805 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 . 00 5 Enter the tax shown on your 2018 tax return. See instructions. (110% (1.10) of that amount if the adjusted gross income shown on that return is more than $150,000, or if married/RDP filing a separate return for 2019, more than $75,000). . . . 5 Required annual payment. Enter the smaller of line 2 or line 5. (If your California AGI is equal to or greater than $1,000,000/$500,000 for married/RDP filing a separate return, use line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6 . 00 . 00 . 00 Short Method Caution: See the instructions to find out if you can use the short method. If you answered “Yes’’ to Question 2 in Part I, skip this part and go to Part III. If you answered “No’’ to Question 2 in Part I and you cannot use the short method, go to Worksheet II in the instructions (page 4). 7 Enter the amount, if any, from Part II, line 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 . 00 8 Enter the total amount, if any, of estimated tax payments you made . . . . . . . . . . . . . . . .8 . 00 9 10 Add line 7 and line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Total underpayment for the year. Subtract line 9 from line 6. If zero or less, stop here. You do not owe the penalty. Do not file form FTB 5805 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 . 00 11 Multiply line 10 by .03898393 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 . 00 12 • If the amount on line 10 was paid on or after 4/15/20, enter -0-. • If the amount on line 10 was paid before 4/15/20, enter the result of the following computation: Amount on line 10 13 X Number of days paid before 4/15/20 X .00014 . . . . . . . . . . . . . . . . . . . . . . . 12 PENALTY. Subtract line 12 from line 11. Enter the result here and on Form 540, line 113; Form 540NR, line 123; or Form 541, line 44. Also, check the box for “FTB 5805.’’ ▶ ...................... Side 2 FTB 5805 2019 7672193 13 . 00 . 00 . 00 Part III Annualized Income Installment Method Schedule. Use this schedule ONLY if you earned taxable income at an UNEVEN RATE during 2019 (See Example A). If you earned your income at approximately the same rate each month (See Example B), then you should not complete this schedule. If you choose to figure the penalty, see Worksheet II, Regular Method to Figure Your Underpayment and Penalty, on page 4 of the instructions. Example A: If you were a commissioned salesperson who earned no income during the first three months of the year, earned most of your income during the following six months, and earned very little during the last three months, you should complete this schedule. You may be able to benefit by using the annualized income installment method. The required installment of estimated tax figured using the annualized method may be less than your required installment figured using the required installment method. Example B: If you worked all year and earned a monthly salary that did not change much during the year, you should not complete this schedule. To complete this schedule correctly, you must first complete Side 2, Part II, line 1 through line 6. Estates and trusts, do not use the period ending dates shown to the right. Instead, use the following: 2/28/19, 4/30/19, 7/31/19, and 11/30/19. Fiscal year filers must adjust dates accordingly. (a) 1/1/19 to 3/31/19 (b) 1/1/19 to 5/31/19 (c) 1/1/19 to 8/31/19 (d) 1/1/19 to 12/31/19 1 Enter your California adjusted gross income (AGI) for each period. Form 540NR filers, see instructions. Estates or Trusts, enter the amount from Form 541, line 20 attributable to each period. See instructions . . . . . . . . . . . . . . . . . 2 Annualization amounts. Estates or Trusts, see instructions . . . . . . . . . . . . . . . . . . . . 3 Annualized income. Multiply line 1 by line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Enter your itemized deductions for the period shown in each column. If you do not itemize deductions, enter -0- here and on line 6. Estates or Trusts, enter -0- here, skip to line 9, and enter the amount from line 3 on line 9 . . . . . . . . . . 5 Annualization amounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Annualized itemized deductions. Multiply line 4 by line 5. See instructions . . . . . . . . 7 Enter your standard deduction from your 2019 Form 540, or Form 540NR, line 18. Enter the total standard deduction amount in each column. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Enter line 6 or line 7, whichever is larger . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Subtract line 8 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Figure the tax on the amount in each column of line 9 using the tax table or the tax rate schedule in the instructions for Form 540, Form 540NR, or Form 541. Also, include any tax from form FTB 3803. Estates or Trusts, see instructions . . . . . . . 11 Enter the total amount of exemption credits from your 2019 Form 540, line 32 or Form 541, line 22. If you filed a Form 540NR, see instructions . . . . . . . . . 12 Subtract line 11 from line 10. Form 540NR filers, complete Worksheet I on page 3 of the instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Enter the total credit amount from your 2019 Form 540, line 47; or Form 541, line 23. Form 540NR filers, see instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 a Subtract line 13 from line 12. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . b Enter the alternative minimum tax and mental health tax. See Instructions . . . . . . . c Add line 14a and line 14b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d Enter the excess SDI from Form 540, line 74 or Form 540NR, line 84. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e Subtract line 14d from line 14c. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . 15 Applicable percentage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Multiply line 14e by line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Complete Line 17 through Line 23 of each column before you go to the next column. 17 Enter the combined amounts shown on line 23 from all preceding columns . . . . . . . 18 Subtract line 17 from line 16. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . 19 Enter 30% of the amount shown on form FTB 5805, Part ll, line 6 in columns (a & d), enter 40% of the amount on line 6 in column b, enter -0- in column c. . . . . . . . . . . . . . 20 Enter the amount from line 22 from the preceding column . . . . . . . . . . . . . . . . . . . . 21 Add line 19 and line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Subtract line 18 from line 21. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . 23 Enter line 18 or line 21, whichever is less. Transfer these amounts to Worksheet II, Regular Method to Figure Your Underpayment and Penalty, line 1. . . . . . . . . . . . . . . 1 2 3 4 2.4 1.5 1 4 5 6 4 2.4 1.5 1 27% 63% 63% 90% 7 8 9 10 11 12 13 14a 14b 14c 14d 14e 15 16 17 18 19 20 21 22 23 If you use the annualized income installment method for one payment due date, you must use it for all payment due dates. This schedule automatically selects the smaller of your annualized income installment or your regular installment. 7673193 FTB 5805 2019 Side 3
Extracted from PDF file 2019-california-form-5805.pdf, last modified November 2019

More about the California Form 5805 Individual Income Tax Estimated

We last updated the Underpayment of Estimated Tax by Individuals in January 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the California Franchise Tax Board. You can print other California tax forms here.


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Related California Individual Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 5805.

Form Code Form Name
Form 5805-F Underpayment of Estimated Tax by Farmers and Fishermen

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Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 5805 from the Franchise Tax Board in January 2020.

Show Sources >

Form 5805 is a California Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of California Form 5805

We have a total of nine past-year versions of Form 5805 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form 5805

2019 Form 5805 Underpayment of Estimated Tax by Individuals and Fiduciaries

2018 Form 5805

2018 Form 5805 - Underpayment of Estimated Tax by Individuals and Fiduciaries

2017 Form 5805

2017 Form 5805 - Underpayment of Estimated Tax by Individuals and Fiduciaries

2016 Form 5805

2016 Form 5805 Underpayment of Estimated Tax by Individuals and Fiduciaries

Underpayment of Estimated Tax by Individuals and Fiduciaries 2015 Form 5805

2015 Form 5805 -- Underpayment of Estimated Tax by Individuals and Fiduciaries

Underpayment of Estimated Tax by Individuals and Fiduciaries 2014 Form 5805

2014 Form 5805 -- Underpayment of Estimated Tax by Individuals and Fiduciaries

Underpayment of Estimated Tax by Individuals and Fiduciaries 2013 Form 5805

2013 Form 5805 -- Underpayment of Estimated Tax by Individuals and Fiduciaries

2012 Form 5805

2012 Form 5805

2011 California Form 5805 2011 Form 5805

2011 California Form 5805 -- Underpayment of Estimated Tax by Individuals and Fiduciaries


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