For the first time, this form is asking for not only the address you always have provided, but the address of your principal residence. These addresses may or may not be the same.
Why are they asking for this information?
Can it be left blank?
By the way, today is the day this form FINALLY became available. LOL.
Because whether or not you're subject to CA taxation depends not only on your residency, but on your domicile. You may have resided outside of CA for a couple of years, but for as long as you remain a CA domiciliary, you're subject to CA tax on your worldwide income.
They have never asked that before.
This is for the California Resident income tax return, so you are admitting you are a California resident and subject to CA tax on your worldwide income.
No, they are concerned about the county of your primary residence and the address of your primary residence. Why?
It dawns on me that this new section of Form 540 is a result of the passage of Proposition 19 which, among other things, allows eligible homeowners to transfer their tax assessments anywhere within the state and allows tax assessments to be transferred to a more expensive home with an upward adjustment
Proposition 19 is about property tax and has little to nothing to do with income tax. The only thing I can think of that would be a cross- over is whether the address on the 540 corresponds with the selection of primary residence for property tax - making a potential difference of only $70.
Could it be that the 2 address fields are to cover the situation where the mailing address (ie PO Box) is different than taxpayer's home address ?
That is what Connecticut's form allows.
USE tax is now a component of Form 540, so crossover is not out of the question. And the timing fits.
Where do you come up with your $70?
Why would California suddenly care what your home address is if you are using a P.O. Box? Even California's nonresident form 540 from prior years didn't ask for a physical address if you used a P.O. Box. And this is asking for the address and COUNTY of your PRIMARY residence.
I think it is a tie in to the property tax.
The answer is in the 540 Tax booklet for 2020:
Resident State Tax Filers List ? For taxable years beginning on or after January 1, 2020, taxpayers will include on their Form 540 the address and county of their principal residence as part of the FTB?s annual reporting requirements to the jury commissioner . Taxpayers that are required to provide this information include persons who are 18 years of age or older and have filed a California resident income tax return for the preceding taxable year . The list of resident state tax filers will be used as one of the source lists for jury selection by the jury commissioner?s office . For more information, see specific line instructions or California R&TC Sections 19548 .4 and 19585 .
Taxed and Spent snipped-for-privacy@nonospam.com wrote in news:rv7657$hc6$1 @dont-email.me:
The homeowner exemption on the property tax is $7,000, which means a tax savings of about $70 per year.
Thanks. The 540 tax booklet has not been available. It is still not available on line. Do you have special connections?
But it is about $70 per year regardless of in which California county taxpayer's primary residence is located.
Alan has found the answer, using his crystal ball which gives him the
540 booklet before it is available to the world on the FTB website.
Why? What is the big secret? It should just be available on line.
Following Alan's hint, I used the search function, hovered my mouse over each one I wanted to get the document number, then changed the last element of the URL he gave to match the desired document number. I was able to get all the forms I wanted that way, even the 540-ES (estimated tax) for 2021, though most had to be emailed.
Heaven knows why they make so many forms and instructions available in email but not on the website.
To save you looking it up, the URL Alan gave was
I was unable to get any more forms using your method. Were you able to get some forms only by using your method?
California is a very strange place.
These are online PDFs, which you can download through your browser and fill in:
P.S. 2021 Individual, 540-ES also works for me.
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