FTB follows IRS extension for farmers and fishermen
The IRS and the FTB have announced that farmers and fishermen who e-file their federal returns with IRS Form 4136, Credit for Federal Tax Paid on Fuels, have until March 10, 2008, to e-file and pay. (IRS News Release 2008-24; e-mail to Spidell Publishing on March 5, 2008) The IRS did not release Form 4136 until March 3, 2008, because it was affected by the Tax Technical Corrections Act of 2007, enacted on December 29, 2007, thereby making the normal March 3, 2008, deadline impossible.
The extension does not apply to paper filed returns, nor does it apply to farmers and fishermen who do not file IRS Form 4136.
To qualify for the extension for the FTB, farmers and fishermen filing in California must have their California return e-filed and accepted on or before March 10, 2008, and have paid all tax due on or before March 10, 2008. They must also file these forms with their accepted e-filed return:
- FTB 5805F, Underpayment of Estimated Tax by Farmers and Fisherman
- IRS 1040, U.S. Individual Income Tax Return
- IRS 4136, Credit for Federal Tax Paid on Fuels
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