Tag Archives: FTB

Mandatory e-pay Penalty Begins – Old Penalties Being Reconsidered

 Beginning January 1, 2011, we began enforcing the mandatory e-pay penalty. (California Taxation and Revenue Code 19011.5)   Acknowledging high year-end postal volumes, we recognize that there could be delays in our receipt of payments postmarked on or before December 31st, 2010. As a result, we are reviewing accounts where the penalty was assessed and […]

California FTB Audits – Guaranteed Income

TaxMama note:  The Franchise Tax Board is starting these audits of people who have been relieved of debt in one manner or another. Odds are, at least 30% – 40% of the audits will turn up errors, with taxes due. I bet that 10% – 15% will turn up errors in the taxpayers favor, where […]

Applying My Refund

Today TaxMama hears from Michael in California with a sensible question. “I have a federal tax liability from past years. For 2009 I own the feds $1,000. I have a refund due from the state of California of $1,700. The state will apply my return to the past liability. Is there any way that I […]

California Liening

Today we hear from Raj in San Jose, CA who’s got this question “The FTB assessed taxes in 2002 because of stocks I sold. I didn’t make money on those stock transactions, so I didn’t bother to file. FTB attached the proceeds from the sale of my home in 2005. If I file a return […]