This document contains official instructions for Form FTB5870A , Tax on Accumulation Distribution of Trusts - a form released and collected by the California Franchise Tax Board. An up-to-date fillable Form FTB5870A is available for download through this link.
Q: What is Form FTB5870A?
A: Form FTB5870A is a tax form used in California for reporting and paying the tax on accumulation distributions from trusts.
Q: Who needs to file Form FTB5870A?
A: Trusts that have made accumulation distributions of income in California need to file Form FTB5870A.
Q: What are accumulation distributions?
A: Accumulation distributions are distributions of accumulated income and gains from a trust.
Q: How do I calculate the tax on accumulation distributions?
A: You can calculate the tax on accumulation distributions by using the rates specified in the instructions for Form FTB5870A.
Q: When is the deadline to file Form FTB5870A?
A: The deadline to file Form FTB5870A is the same as the due date for the trust's income tax return, typically on or before April 15th.
Q: How do I submit Form FTB5870A?
A: Form FTB5870A can be filed electronically or by mail to the Franchise Tax Board.
Q: What happens if I don't file Form FTB5870A?
A: Failure to file Form FTB5870A may result in penalties and interest.
Instruction Details:
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of forms released by the California Franchise Tax Board.