Brenda Colburn Jemmott, CPA, Stockholder and Oakland Office Head
Brenda Colburn JemmottCPA / Partner / Co-Managing Director of Taxview bio

Kelly Creed, CPA, Tax Stockholder in the Oakland office.
Kelly CreedCPA / Tax Partner / Co-Managing Director of Taxview bio

Schedule K-1‘s will be Delayed

3/1/2022

RINA Alert - March 1, 2022 | Volume 20, Issue 4


At the beginning of February, Governor Newsom signed two noteworthy bills – SB 113 and SB 114 which we discussed in a previous RINA alert.
 
Due to the passage of SB 113, the Franchise Tax Board has had to make numerous changes to tax forms and instructions.  The documents changed include:

  • 540 Booklet
  • 100 Booklet
  • Form 3893
  • 540NR Booklet
  • 100S Booklet
  • Form 3804
  • Sch. CA (540)
  • 100W Booklet
  • Form 3804-CR
  • Sch. CA (540NR)
  • 565 Booklet
  • Form 4197
  • Sch. P (540)
  • 568 Booklet
  • Pub. 1067
  • Sch. P (540NR)
  • 541 Booklet
 
  • Sch. P (541)
  • 109 Booklet
 
 

Form 3893, Pass-Through Entity Elective Tax Payment Voucher will be revised first and is expected to be available March 7, 2022. Once all the forms become available, they will need to be incorporated into the software programs used by our firm.
 
As a result, K-1’s will not be available until mid-March at the earliest. 
  
If you have any questions or concerns, please reach out to your RINA professional.
 
 

 

Contact RINA

Join Our Mailing List