Can I calculate late payment interest and penalties with California Form 3804 / 3893 in an 1120S or 1065 return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

  • Article Type:
  • QA
  • Last Modified:
  • 08/04/2022

Question

Are there are plans to add a calculation, perhaps for next year, that applies the late payment penalty when either 3893 voucher was not paid on time?

Environment

  • CCH® ProSystem fx® Tax
  • CCH Axcess™ Tax
  • S Corporation - 1120S
  • Partnership - 1605
  • California - CA
  • Passthrough Entity Tax - PTE
  • FTB 3804 - 3893

Answer

There are no plans to calculate penalties and interest for late filed 3893s as the election is made by filing the 3893 timely. 
"The election made by the electing qualified PTE to pay the tax is irrevocable and can only be made on the electing qualified PTE’s timely filed original tax return."
  • https://www.ftb.ca.gov/forms/2021/2021-3804-instructions.pdf
"When and Where to File Pay on or before the due date of the original return that the qualified PTE is required to file without regard to any extension of time for filing the return, for the taxable year in which the election is made. Payments must be made by March 15, 2022 (calendar year) or the 15th day of the 3rd month (fiscal year) following the close of the taxable year. "
  • https://www.ftb.ca.gov/forms/2021/2021-3893.pdf

Additional Information

N/A

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