Other State Tax Credit - California

Schedule S 2014
For Privacy Notice, get FTB 1131 ENG/SP.
Part I Double-Taxed Income (Read specific line instructions for Part I before completing.)
(a)
Income item(s) description (b) Double-taxed income taxable by California (c) Double-taxed income taxable by other state
1 Total double-taxed income
Part II Figure Your Other State Tax Credit (Read specific line instructions for Part II before completing.)
2 California tax liability. See instructions ............................................................. 2 00
3 Double-taxed income taxable by California. Enter the amount from Part I, line 1, column (b).................... 3 00
4 California adjusted gross income. See instructions .................................................... 4 00
5 Divide line 3 by line 4. Do not enter more than 1.0000 ................................................. 5 .
6 Multiply line 2 by line 5 ......................................................................... 6 00
7 Income tax liability paid to name of other state (use state’s abbreviation) See instructions .............
7 00
8 Double-taxed income taxable by other state. Enter the amount from Part I, line 1, column (c) ................... 8 00
9 Adjusted gross income taxable by other state. See instructions .......................................... 9 00
10 Divide line 8 by line 9. Do not enter more than 1.0000 .................................................
10 .
11 Multiply line 7 by line 10 ........................................................................
11 00
12 Other state tax credit. Enter the smaller of line 6 or line 11. Use Credit Code 187. See instructions ...............
12 00
Other State Tax Credit
TAXABLE YEAR
2014
CALIFORNIA SCHEDULE
S
Attach to Form 540, Long Form 540NR, or Form 541.
General Information
For taxes paid to another state on or after
January 1, 2009, a claim for credit or refund
of an overpayment of income tax attributable
to taxes paid to another state may be filed
within one year from the date tax is paid to
the other state or within the general statute of
limitations, whichever period expires later.
Taxpayers may qualify for a credit for income
taxes paid to another state when the same
income that is taxed by the other state is
also taxed by California. Other state income
taxes which are paid to the other state do not
necessarily have to be in the same year, as long
as the taxes relate to the same transaction.
You must attach Schedule S, Other State Tax
Credit, and a copy of your tax return(s) filed
with the other state(s) to your California tax
return. If you e-file, do not submit tax returns
filed with other states to California. Retain a
copy of other state tax returns, along with a
copy of this form for your records.
Shareholders of S corporations, partners of
partnerships, and members of limited liability
companies (LLCs) classified as partnerships
for tax purposes, see Section G, Pass-Through
Entities, for more information.
A Purpose
If you are an individual filing a California
personal income tax return or an estate or
trust filing a California fiduciary income tax
return, use Schedule S to claim a credit against
California tax for net income taxes imposed by
and paid to another state or U.S. possession.
Residents of California may claim a credit only
if the income taxed by the other state has a
source within the other state under California
law. No credit is allowed if the other state
allows California residents a credit for net
income taxes paid to California.
Nonresidents of California may claim a credit
only for net income taxes imposed by and paid
to their states of residence and only if such
states do not allow their residents a credit for
net income taxes paid to California.
Important: See Sections C, California
Residents, and D, California Nonresidents,
for a list of states and U.S. possessions for
which the other state tax credit is allowed. See
Section H, Income from Sources Within the
Other State, for a description of the source of
various types of income.
Beneficiaries of estates or trusts, partners
of partnerships, members of LLCs classified
as partnerships, and shareholders of
S corporations that paid a net income tax to
another state on income that must be reported
to California may also claim the other state tax
credit. See Sections F, Dual-Resident Estates
and Trusts, and G, Pass-Through Entities, for
more information.
8021143
Name(s) as shown on your California tax return SSN, ITIN, or FEIN
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Other State Tax Credit - California PDF

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