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TAXABLE YEAR

		CALIFORNIA FORM
2000	TRUST ACCUMULATION OF CHARITABLE AMOUNTS	541-A

For calendar years only.

Name of trust

Federal employer identification number (FEIN)

Name of trustee(s)

Address of each trustee (number and street, including suite number or rural route)

PMB no.

City, town, or post office

State

ZIP Code

This return must be filed on or before April 16, 2001. Mail to:

FRANCHISE TAX BOARD PO BOX 942840 SACRAMENTO CA 94240-0000.

DO NOT ATTACH TO FORM 541

(If more space is needed, please attach a separate list.)


ANSWER THESE QUESTIONS:
1 Date trust was created				M	M		D		D		Y		Y	Y		Y		5	Have you filed a return on Form 541 for the year covered by this
2 Is any trustee a resident of California?									Yes		No								return?	Yes	No
3 Was the grantor or creator of the trust a resident of California during the																		6	Do any of the amounts shown on the face of this return differ from the
	taxable year of the trust?				Yes		No												corresponding amounts reported on federal Form 1041-A?
4 Name and address of grantor or creator							____________________________												Yes (attach a schedule explaining the differences)					No
	____________________________________________________________																	7	Are you required to file federal Form 990-T for the unrelated business
	____________________________________________________________																		and/or lease indebtedness income?			Yes	No
PART I			Income and Deductions. See instructions for Form 541. If total income is $25,000 or less, skip line 1 through line 8 and enter total income on line 9.
		1	Interest income		. . . . . .	. .	. . .	.	. . . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	1
		2	. . .Dividends . . . .	. . .	. . . . . .	. .	. . .	.	. . . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	2
		3	Business income or (loss). Attach federal Schedule C or C-EZ (Form 1040)																. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	3
Income		4	Capital gain or (loss). Attach Schedule D (541)								. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	4
		5	. . . . . .Rents, royalties, partnerships, LLCs, other estates and trusts, etc. Attach federal Schedule E (Form 1040)																			5
		6	. .Farm income or (loss). Attach federal Schedule F (Form 1040)													. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	6
		7	.Ordinary gain or (loss). Attach Schedule D-1								. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	7
		8	Other income. State nature of income						. . . . . . . . ._________________________________________________													8
		9	Total income. Add line 1 through line 8						. . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . .	9
		10	Interest	. . .	. . . . . .	. .	. . .	.	. . . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	10
Deductions		11	. . .Taxes	. . .	. . . . . .	. .	. . .	.	. . . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	11
		12	Charitable deduction. Itemize by charitable purpose; include payee’s name and address.
			See instructions for Part II and Part III						. . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . .	12
		13	. . .Trustee fees . . .	. . .	. . . . . .	. .	. . .	.	. . . .	. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	13
		14	Attorney, accountant, and return preparer fees																			14
		14	Attorney, accountant, and return preparer fees								. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	14
		15	. . . . . . .Other deductions. Attach schedule							. . .	. .	. . .	. .	. . . . .	. . .	. .	. .	. . . .	. . . . . . . . . . . .	. . . . . . .	. . . . . . . . . . .	15
PART II Distributions of Income Set Aside in Prior Taxable Years for Charitable Purposes. See instructions.
16		Accumulated income set aside in prior taxable years for which a deduction was claimed under IRC Section 642(c) . . .																				16

17Income set aside in prior taxable years for which a deduction was claimed under IRC Section 642(c) and which

	was distributed during the current taxable year. Itemize by charitable purpose; include payee’s name and address.
	a _____________________________________________________________________	17a
	b _____________________________________________________________________	17b
	c _____________________________________________________________________	17c
18	Total. Add line 17a through line 17c	. . . . . . . . . . . . . . . . . . . . . . 18
19	Balance. Subtract line 18 from line 16	. . . . . . . . . . . . . . . . . . . . . . . 19
20	Income set aside during the current taxable year for which a deduction was claimed under IRC Section 642(c)
	(included in Part I, line 12)	. . . . . . . . . . . . . . . . . . . . . . . 20
21	Carryover. Add line 19 and line 20	. . . . . . . . . . . . . . . . . . . . . . 21
PART III Distributions of Principal for Charitable Purposes
22	Principal distributed in prior taxable years for charitable purposes	. . . . . . . . . . . . . . . . . . . . . . 22
23	Principal distributed during the current taxable year for charitable purposes. Itemize by charitable
	purpose; include payee’s name and address.
	a _____________________________________________________________________	23a
	b _____________________________________________________________________	23b
	c _____________________________________________________________________	23c
24	Total. Add line 23a through line 23c	. . . . . . . . . . . . . . . . . . . . . . 24
	541A00109	Form23456789012345678901541-A C1 000 Side 1

PART IV		Balance Sheet. If line 9 is $25,000 or less, complete only line 38, line 42, and line 45. If books of account do not agree, please reconcile all differences.
PART IV
					ASSETS					(a) Beginning-of-Year Book Value			(b) End-of-Year Book Value
	Cash — non-interest bearing
25	Cash — non-interest bearing					. . . .	. . . . . . .	. . . . . . . . . .	25
26	. . . . . . . . . . . . . . . . . . . .Savings and temporary cash investments					. . . .	. . . . . . .	. . . . . . . . . .	26
27	a	. . . . . . . . . . .Accounts receivable			. . . . . . . . . . . . . . . . . . . . . .	27a
	. . . . . . . . . . . . . . . . . .b Less: allowance for doubtful accounts					27b
28	. . . . . . . . . . . . . . . . . . . . . . . . . . .a Notes and loans receivable					28a
	. . . . . . . . . . . . . . . . . .b Less: allowance for doubtful accounts					28b
29	Inventories for sale or use			. . . . . . . .	. . . . . . . . . . . . . . . . . . . . . . .	. . . .	. . . . . . .	. . . . . . . . . .	29
30	. . . . . . . . . . . . . . . . . . . . .Prepaid expenses and deferred charges					. . . .	. . . . . . .	. . . . . . . . . .	30
31	. . . . . . . . . . . . . . . . .Investments — U.S. and state government obligations. Attach schedule								31
	Investments — corporate stock. Attach schedule
32	Investments — corporate stock. Attach schedule					. . . .	. . . . . . .	. . . . . . . . . .	32
33	. . . . . . . . . . . . .Investments — corporate bonds. Attach schedule					. . . .	. . . . . . .	. . . . . . . . . .	33
34	a	Investments — land, buildings, and equipment: basis				34a
	b	. . . . . . . . . . . . . . . . . . . . . . .Less: accumulated depreciation				34b
	Investments — other. Attach schedule
35	Investments — other. Attach schedule					. . . .	. . . . . . .	. . . . . . . . . .	35
36	a	Land, buildings, and equipment (trade or business): basis . .				36a
	b	. . . . . . . . . . . . . . . . . . . . . . .Less: accumulated depreciation				36b

37	Other assets. Describe.			_____________________________________________________					37
38	. . . . . . . . . . . . . . . . . . .Total assets. Add line 25 through line 37					. . . .	. . . . . . .	. . . . . . . . . .	38
					LIABILITIES
39	Accounts payable and accrued expenses					. . . . .	. . . . . .	. . . . . . . . . .	39
40	. . . . . . . . . . .Mortgages and other notes payable. Attach schedule					. . . .	. . . . . . .	. . . . . . . . . .	40
41	Other liabilities. Describe.			___________________________________________________					41
42	. . . . . . . . . . . . . . . . .Total liabilities. Add line 39 through line 41					. . . .	. . . . . . .	. . . . . . . . . .	42
					NET ASSETS
43 Trust principal or corpus					. . . . . . . . . . . . . . . . . . . . . . .	. . . .	. . . . . . .	. . . . . . . . . .	43
. . . . . . . . . . . . . . . . . . . . . . . . . .44 Undistributed income and profits						. . . .	. . . . . . .	. . . . . . . . . .	44
. . . . . . . . . . . . . . . . . . . .45 Total net assets. Add line 43 and line 44						. . . .	. . . . . . .	. . . . . . . . . .
. . . . . . . .46 Total liabilities and net assets. Add line 42 and line 45						. . . .	. . . . . . .	. . . . . . . . . .	46

			Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is
Please			true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign										Date	Trustee’s SSN/FEIN
Here			___________________________________________________________
			Signature of trustee or officer representing trustee
								Date			Paid preparer’s SSN/PTIN
Paid			Preparer’s							Check if self-
Paid			Preparer’s							employed
Preparer’s			signature							employed
Preparer’s											FEIN
Use Only			Firm’s name (or yours, if								FEIN
Use Only			Firm’s name (or yours, if									-
			self-employed) and address									-

Side 2 Form 541-A C1 2000

541A00209

For Privacy Act Notice, get form FTB 1131.

Instructions for FTB Form 541-A

Trust Accumulation of Charitable Amounts

General Information

In general, California tax law conforms to the Internal Revenue Code (IRC) as of

January 1, 1998. However, there are continuing differences between California and federal tax law. California has not conformed to most of the changes made to the IRC by the federal Internal Revenue Service Restructuring and Reform Act of 1998 (Public Law 105-206) and has not conformed to any of the changes made by the Tax and Trade Relief Extension Act of 1998 (Public Law 105-277), the Miscellaneous Trade and Technical Corrections Act of 1999 (Public

Law 106-36), and the Ticket to Work and Work Incentives Improvement Act of 1999 (Public Law 106-170).

A Purpose

Use Form 541-A to report the charitable information required by Revenue and Taxation Code (R&TC) Section 18635.

BWho Must File

A trustee must file a calendar year Form 541-A for a trust that claims a charitable or other deduction under IRC Section 642(c) or for a charitable or split- interest trust. However, Form 541-A is not required for any taxable year if the trustee is required by the terms of the governing instrument and applicable local law to distribute currently all of the income of the trust for such year.

A charitable trust is a trust which:

•Is not exempt from taxation under R&TC Section 23701d; and

•Has all the unexpired interests devoted to charitable purposes described in IRC Section 170(c); and

•Had a charitable contribution deduction allowed for all the unexpired interests under the R&TC.

A split-interest trust is a trust which:

•Is not exempt from taxation under R&TC Section 23701d; and

•Has some of the unexpired interests devoted to one or more charitable purposes described in IRC Section 170(c); and

•Has amounts in trust for which a chari- table contributions deduction was allowed under the R&TC. Pooled income funds (IRC Section 642(c)(5)), charitable remainder annuity trusts (IRC

Section 664(d)(1)), and remainder unitrusts (IRC Section 664(d)(2)), are considered split-interest trusts for which the trustee must file Form 541-A for the taxable year.

Simple trusts which received a letter from the Franchise Tax Board (FTB) granting exemption from tax under R&TC Section 23701d are considered to be corporations for tax purposes. They may be required to file Form 199, California Exempt Organization Annual Information Return. See the instructions for that form.

Nonexempt charitable trusts, described in IRC Section 4947(a)(1), must file Form 199.

Private Mailbox (PMB) No.

If you lease a mailbox from a private business rather than a PO box from the United States Postal Service, enter your PMB number in the field labeled “PMB no.”

CWhen to File

File Form 541-A on or before April 16, 2001. However, if you need additional time to file, California grants an automatic six-month extension. A request form is not required to obtain this extension.

DWhere to File

Mail Form 541-A to:

FRANCHISE TAX BOARD PO BOX 942840 SACRAMENTO CA 94240-0000

Specific Instructions

Part II and Part III

Describe in detail on an attached statement the purpose for which charitable disburse- ments were made from income set aside in prior taxable years and amounts which were paid out of principal for charitable purposes. Examples of appropriate descriptions are: payments for nursing service, laboratory construction, fellowships, or assistance to indigent families (not simply charitable, educational, religious, or scientific).

Part IV

If the balance sheet does not agree with the books of account, all differences must be reconciled in an attached statement.

Form 541-A Instructions 2000

Question	Answer
Form Name	California Form 541 A
Form Length	3 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	45 sec
Other names	FEIN, form 1131 ftb, FTB, 541-A

California Form 541 A – Fill Out and Use This PDF

California Form 541 A PDF Details

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