If you are looking to make your taxes more affordable, consider utilizing the new website from the Franchise Tax Board. It is designed to improve your customer service experience by simplifying common tasks and providing fresh tips for current tax trends. Before you start your next tax return, make sure you understand all of the important information on the new website, including how to file and find helpful resources. We also have answers to some of your most common questions and suggestions. Continue reading for more information.
First, understand what your options are when it comes to filing for a bank levy release. If you have not paid your taxes in full, you should contact the Franchise Tax Board to request a bank levy release. You can present financial hardship and a substantial cause for releasing the levy to the Board. However, you should be aware that if you ignore the problem, the Franchise Tax Board may take adverse action.
If your case is rejected, your case goes to the Attorney General for approval. A majority of the Franchise Tax Board must vote against a tax reduction. The Attorney General must approve a case involving penalties over $8,500. The Franchise Tax Board will then present the proposed settlement to its members. If the members vote to disapprove the recommendation, it will be rejected. Regardless of the outcome of the case, it is crucial to understand the procedure for filing a tax appeal.
Whether you are looking to make a payment plan or file a debt appeal, you should understand the process and your options. A tax lawyer can provide you with the information and resources you need to make a decision about the best course of action. The tax laws that govern California’s franchise tax board are complex and confusing. Luckily, there are options. Contact a tax attorney now and get back on track. You’ll be glad you did.
Before filing your tax return, you must determine your income and expenses. The California Franchise Tax Board may conduct its own tax audit and look for special tax problems. For example, you might have moved to California after getting a bonus. In other cases, you may be a California resident before you move or before you received the bonus. Your tax attorney will analyze your records to determine whether your FTB is right or wrong. They will also provide you with tax representation during the entire process.
In some cases, you may qualify for an offer in compromise. These solutions may be the right option for you if you’re in need of some financial relief. These types of agreements are generally available to delinquent taxpayers. They can reduce the amount of money you have to pay, and may even remove the tax lien altogether. When you receive an offer in compromise, the FTB will cease collection efforts against you. If you don’t have enough money to pay the amount of money owed, your property may be seized by the tax board.