If you owe taxes to the FTB, the following information will help you understand the CRA`s collection process. [Jump to IRS Detection Process] While there are many good people working for the state of California, our company`s experience with California has not been very positive in general. Over the years, some debt collectors have said some pretty ridiculous things to our clients or taken very unreasonable positions when it comes to things. This is especially true for our business customers. The state is very, very companies, and when they see companies, they see revenue. Can`t pay your tax bill and want a payment plan? You can request a payment contract in instalments. Like the IRS, the FTB does not seek to levy taxes on people who have documented financial hardship. You must provide information about your assets, expenses and revenues. If you meet the state qualifications, the recovery of your debt may be postponed for a year, after which you will have to submit new financial documents.
If you do not make arrangements to reimburse your taxes, the state will issue a pledge. This public registration, which lasts 10 years, gives the state right to your property. If you do not take action as soon as a right of pledge has been filed, your salaries, accounts, real estate and vehicles may be seized to satisfy your tax debt. If you are unable to resolve your state tax debt issues, you can turn to the Taxpayers` Rights Lawyer`s Office. This agency conducts an independent review of your tax situation, makes recommendations, and answers any questions you have about California income tax. To get started, call 1-800-883-5910 or write to Executive Liaison Section MS A381, Franchise Tax Board, P.O. Box 157, Rancho Cordova, CA 95741-0157. Your tax liability to the FTB may be based on a final determination of federal tax by the Internal Revenue Service (IRS) and the IRS may have made the error or delay in implementing a ministerial or management act. You can fight back with a higher amount, or they may have found that you can afford to pay off the debt within five years. In this case, they will help you agree on a payment agreement in instalments.
This is another area where a tax lawyer can help. The appeal process for an OCI FTB is quite loose, but the best way to negotiate is with a professional by your side. In general, the Agency`s rules on supply in compromise programmes have not been significantly changed. However, some changes have been made recently….