If your business owes any type of tax to one of the California tax agencies, you can bet that they will hunt you down and collect. You will be responsible for all of the past due taxes along with any penalties, fees, and interests that accrue with the return as well. The California Franchise Tax Board is not going to forget about your debt and pursue you until you finally pay off your tax liability.
The Franchise Tax Board in CA has a unique set of procedures and policies that they are required to follow. It is important that you understand these policies and procedures, but it can be difficult for you truly get what is being said or what is required from you. Fortunately, the experienced tax professionals in CA are ready to work with you and provide you with the best Franchise Tax Board Representation you need.
Leading Tax Group is here to help you and we will fight to make sure you have the answers you need. Call our office now.
If you are in need of Franchise Tax Board representation, now is the time for you to call Leading Tax Group. We are here to help you every step of the way and our aggressive tax professionals in CA will represent you.
(800) 900-4250
California has passed a bill that allows all state agencies to suspend and/or revoke any California state license when the taxpayer is delinquent or is a repeat offender. This means that any of your licenses can be suspended from your driver’s license to your contractor’s license to your business license, and more.
It is a serious situation and delinquent taxes can completely ruin your life. If you find yourself in need of an experienced tax professionals in CA to handle your Franchise Tax Board representation, now is the time for you to call our office.
The Franchise Tax Board is often abbreviated to FTB and you may see either form of the name. This board is in charge of all income tax in the state of California. It is common to fall under an audit by the FTB and you may find yourself in a sticky situation.
One of the things you need to pay attention to is your status in California. FTB will try to classify any taxpayer as a California resident, which means that you will be required to pay California income tax. If you are not a resident in California, this additional tax liability can be detrimental to you.
If you owe the FTB money or you have a tax liability, you can bet that they will want their money and come after you for it. The FTB is known for placing levies on bank accounts and property, so it is vital that you make sure you contact an experienced tax professionals in CA for help.
Headquartered in Encino, California with multiple local branch offices in your backyard to serve you at your convenience. Leading Tax Group can schedule a face to face consultation to represent your case with the IRS, FTB, EDD, as well as CDTFA Audits.
In most cases, a Franchise Tax Board audit is triggered by discrepancies found or suspected during an internal review. If you need help with a current FTB audit, or if you just want to get more information, Call Leading Tax Group.
Yes, the Franchise Tax Board can garnish wages just like the IRS. If you feel that they are taking more than you can afford, call Leading Tax Group. We will do our best to change the garnishment and lessen the financial burden.
Because they love you? No. The letter is usually the way to remind you of a balance due or a tax return due or received. However, the FTB can send you a letter notifying you of future or current liens or levies.
FTB is the state of CA taxing authority, so it handles state income tax obligations. The IRS handles federal income tax obligations. However, the two often work together if the situation warrants it.
The Franchise Tax Board typically has 4 years from the date you filed your return to issue an assessment. However, special circumstances can apply. Call Leading Tax Group for more information about these circumstances or for assistance.
