Get the free 2015 Form 5805 -- Underpayment of Estimated Tax by Individuals

TAXABLE YEAR 2015 Underpayment of Estimated Tax by Individuals and Fiduciaries CALIFORNIA FORM 5805 Attach this form to the back of your Form 540, Long Form 540NR, or Form 541. Also, check the box

How to fill out 2015 form 5805

How to fill out 2015 form 5805:

1. Begin by gathering all the information and documents you will need to complete the form. This may include your personal information, tax records, and any relevant supporting documentation.
2. Start by filling out the header section of the form, providing your name, address, and taxpayer identification number.
3. Proceed to Part I of the form, which is titled "Computation of Minimum Tax Credit." Here, you will need to calculate your minimum tax credit using the provided instructions. Ensure that you accurately enter all the required information and double-check your calculations for accuracy.
4. Move on to Part II of the form, "Claiming the Credit." This section will require you to provide details about the minimum tax credit you are claiming and any carryover or unused credits from prior years. Carefully follow the instructions and fill in the necessary information.
5. If applicable, complete Part III of the form, "Election Not to Claim the Minimum Tax Credit for 2015." This section is optional and should only be filled out if you meet the specific criteria outlined in the instructions.
6. After completing all the relevant sections of the form, review your entries to ensure accuracy and completeness. Make any necessary corrections before signing and dating the form.
7. Keep a copy of the completed form for your records, and attach any supporting documentation as required.
8. Finally, file the form by mailing it to the appropriate address provided in the instructions or by electronically submitting it if e-filing is available for this form.

Who needs 2015 form 5805:

1. Individuals or taxpayers who were subject to the alternative minimum tax (AMT) in the tax year 2015 may need to use form 5805.
2. This form is specifically designed for taxpayers who are eligible for the minimum tax credit, which allows them to reduce their AMT liability. Therefore, if you were required to pay AMT in 2015 and are eligible for this credit, you will need to file form 5805.
3. It is important to note that not all taxpayers will require this form. If you were not subject to AMT or do not meet the eligibility criteria for the minimum tax credit, you will not need to use form 5805.

For pdfFiller’s FAQs

How can I modify 2015 form 5805 without leaving Google Drive?

pdfFiller and Google Docs can be used together to make your documents easier to work with and to make fillable forms right in your Google Drive. The integration will let you make, change, and sign documents, like 2015 form 5805, without leaving Google Drive. Add pdfFiller's features to Google Drive, and you'll be able to do more with your paperwork on any internet-connected device.

Can I sign the 2015 form 5805 electronically in Chrome?

Yes. By adding the solution to your Chrome browser, you can use pdfFiller to eSign documents and enjoy all of the features of the PDF editor in one place. Use the extension to create a legally-binding eSignature by drawing it, typing it, or uploading a picture of your handwritten signature. Whatever you choose, you will be able to eSign your 2015 form 5805 in seconds.

How can I edit 2015 form 5805 on a smartphone?

You can do so easily with pdfFiller’s applications for iOS and Android devices, which can be found at the Apple Store and Google Play Store, respectively. Alternatively, you can get the app on our web page: https://edit-pdf-ios-android.pdffiller.com/. Install the application, log in, and start editing 2015 form 5805 right away.

What is form 5805 -- underpayment?

Form 5805 is used to calculate the amount of underpayment penalty that may be due if you did not pay enough estimated tax for the year.

Who is required to file form 5805 -- underpayment?

Individuals, corporations, and certain estates and trusts may be required to file form 5805 if they did not pay enough estimated tax throughout the year.

How to fill out form 5805 -- underpayment?

Form 5805 can be filled out by following the instructions provided by the IRS. It requires information on estimated tax payments made, adjusted gross income, deductions, and credits.

What is the purpose of form 5805 -- underpayment?

The purpose of form 5805 is to calculate and report the amount of underpayment penalty that may be due if you did not pay enough estimated tax throughout the year.

What information must be reported on form 5805 -- underpayment?

Information such as estimated tax payments made, adjusted gross income, deductions, and credits must be reported on form 5805.