The undersigned certify that, as of July 1, 2021 the internet website of the Franchise Tax Board is designed, developed and maintained to be in compliance with California Government Code Sections 7405 and 11135, and the Web Content Accessibility Guidelines 2.1, or a subsequent version, as of the date of certification, published by the Web Accessibility Initiative of the World Wide Web Consortium at a minimum Level AA success criteria. We adjusted your tax liability. You made an error when you subtracted your Schedule CA, Column D Total Adjustments to Income from Total Income. PO Box 942879. We revised the subsidy amount because you made an error calculating your excess advance payment of Premium Assistance Subsidy (PAS). . We transferred the minimum amount the law requires for the first estimate due on the subsequent year. Are you sure you want to close your chat? We denied your coverage exemption because you had a gap in health coverage of more than three consecutive months. The loss did not occur within the designated disaster or terrorism area. Your Schedule CA subtraction of Health Savings Account Deduction cannot be less than the federal amount. However, to avoid late payment penalties and interest, you must pay the tax due by the original tax return due date. We disallowed your Earned Income Tax Credit/Young Child Tax Credit because you or your spouse/RDP did not respond to FTB 4502, Additional Documentation Required Letter. You made an error on your Schedule D-1 when you entered your difference on Line 21b. Forms & Publications - California State Board Of Equalization Your corporations tax cannot be less than the minimum franchise tax, if it incorporated or qualified before January 1, 2000. Based on the information you provided, we disallowed or adjusted your Earned Income Tax Credit/Young Child Tax Credit because we could not confirm the qualifying children you claimed to qualify you for the credit. Gather dependent's social security card or IRS ITIN documentation. Franchise Tax Board You cannot report or revise previously reported Use Tax with an amended return. 2021, the internet website of the California State Board of Equalization is designed, developed and maintained to be in compliance with California Government Code Sections 7405 and 11135, and the Web Content Accessibility Guidelines 2.1, Level AA success criteria, published by the Web . copies from your federal income tax return (if applicable): We revised the Exemption Credit and Special Credit because you are subject to alternative minimum tax. SOS endorsed its Articles of Organization. We revised your Personal Exemption Credit to the correct amount. e-Services | Page not found | California Franchise Tax Board Attn: EFT Unit. You can also contact the California Franchise Tax Board for further questions: Hours: Monday - Friday, 8am - 5pm PT. Any certification, license, permit or registration required for your business (taxicab, cosmetology, food service, California Franchise Tax Board Liens: How to Resolve Them We revised the total tax on your tax return for one or more of the following reasons: (a) You incorrectly calculated the CA Tax Rate, the CA Credit Percentage, or the CA Exemption Credit Percentage. Follow the links to popular topics, online services . You made an error on your Schedule S when you calculated Line 6. Your Schedule CA subtraction of Social Security Benefits cannot be larger than the federal amount. Please review the "Total Itemized Deductions" entries on your Schedule CA (540), California Adjustments - Residents form. We revised your Nonresident or Part-Year Resident Earned Income Tax Credit (EITC) because you incorrectly transferred the Credit Percentage from your Tax Return to the Form 3514, California Earned Income Tax Credit. Any differences created in the translation are not binding on the FTB and have no legal effect for compliance or enforcement purposes. You made an error on your Schedule D when you entered your California gain or loss on Line 11. Gather: California 540 tax return Review: tax return details, schedules, and payments on return. Visit our State of Emergency Tax Relief page for more information. We revised your Earned Income Tax Credit/Young Child Tax Credit because the social security number or federal individual taxpayer identification number of one or more qualifying children was allowed on another tax return. (R&TC Section 19131), If you do not file your organizations' Form 199 by the extended due date, we impose a penalty of $5 per month for each month or part of a month the Form 199 is late. For forms and publications, visit the Forms and Publications search tool. A profit and loss statement or schedule used to determine the business income and expenses reported on your tax of state, must file an annual franchise tax return and pay a minimum annual tax . Common penalties and fees | FTB.ca.gov - California The California Secretary of States Office as SOS. We disallowed your Senior Head of Household Credit because you did not use the Head of Household filing status the previous two years. We disallowed the special credit listed below because your California Adjusted Gross Income exceeded the maximum allowed for your filing status. Refer to the Form 3514 instructions for more information. The penalty is 50 percent of the interest that accrued on the balance due from the original due date of the tax to March 31, 2005. Your organization files and pays after the extended due date. Stock - Wikipedia You made an error when you added up your Total Tax. We impose the Late Filing Penalty in addition to the Delinquent Penalty (R&TC Section 19172). Please review your completed Form 3514, California Earned Income Tax Credit to confirm your entries and calculations are correct. We revised the special credit listed below to the maximum allowed for your filing status. Sales and Use Tax Programs: (billings for late payments, late returns, or . We disallowed the Special Credit listed below because it is not allowed on group returns. Reasonably estimated its gross receipts, less returns and allowances reportable to California, to be $1 million or less. This could affect the percentage used to compute tax on your tax return. For additional information, go to ftb.ca.gov and search for 3506 to refer to FTB 3506, Child and Dependent Care Expenses Credit, instructions. Can I Reduce or Get Rid of FTB Past Due Penalties We disallowed your Child and Dependent Care Expenses Credit. The penalty is 40 percent of the underpayment. document.write(new Date().getFullYear()) California Franchise Tax Board. Date: (SIGNATURE OF DECLARANT) Page 2 of 2 . return, along with: We revised your taxable income because the deductions claimed on your tax return were incorrectly subtracted from your adjusted gross income. Your corporation must formally dissolve to claim this credit. Sacramento, CA 95812-1462, Gather: Your Form 3514, California Earned Income Tax Credit and your Form 540 or 540NR tax return to confirm your entries and calculations are correct. We disallowed your Child and Dependent Care Expenses Credit because you did not attach FTB 3506, Child and Dependent Care Expenses Credit to your tax return. You made an error when you totaled your Schedule CA, Column C Adjustments to Income. Add the state's notoriously aggressive. Refer to the Form 3514 instructions for more information. We revised the amount of real estate, backup, or nonresident withholding to the amount of available credit we were able to verify. You made an error when you totaled your Exemption amount. Match the Paragraph Codes from the enclosed notice with the Paragraph Code Explanations on this insert. California does a good job of aggressively drawing people into its tax net of high individual (13.3 percent) and business (8.84 percent) tax rates. Interest accrues on penalties from the effective date of the penalty until the date we receive full payment (R&TC Section 19101). . Your corporation cannot claim this credit if it incorporated or qualified after December 31, 1971. The rate is 5 percent of the total unpaid tax, and a further 0.5 percent for each month or part of a month over the due date that the tax remains unpaid, up to 40 months. All online tax preparation software. The withholding claimed on your return has been revised to the amount that we could verify with the Employment Development Department (EDD). Contact the entity that issued the schedule K-1. We applied the overpayment on your tax return to a balance due on your account. (R&TC Section 19138). We revised your Senior Exemption Credit to the correct amount. If a corporation making a water's-edge election under Revenue and Taxation Code section 25110 fails to furnish any information described in Revenue and Taxation Code section 25112, subdivision (b), within 60 days of a written request by an auditor or attorney of the Franchise Tax Board, such corporation shall pay a penalty of $1,000 for each taxable year with respect to which . We revised the subsidy amount because you made an error calculating your monthly federal Premium Tax Credit (PTC) amount. For a payment of $1,250 or more, the penalty is 2 percent of the payment amount. You made an error when you transferred your Regular Tax Before Credits from your tax return to your Schedule P. You made an error calculating your excess tax which may be offset by credits when you transferred net tax from your tax return to your Schedule P. You made an error calculating your excess tax which may be offset by credits when you transferred your Schedule P Tentative Minimum Tax from Side I to Side II. We strive to provide a website that is easy to use and understand. We disallowed your generated new jobs credit because you did not claim the credit on a timely filed original tax return by the cutoff date. We translate some pages on the FTB website into Spanish. We corrected the payment amount and credits available. You made an error on your Schedule D when you combined your Total Gains and Total Losses on Line 8. We revised the total tax your corporation reported. 8 Cal. The web pages currently in English on the FTB website are the official and accurate source for tax information and services we provide. Please review your completed Form 3514, California Earned Income Tax Credit and your tax return to confirm your entries and calculations are correct. You made an error when you added your CA Regular Tax Before Credits and G-1/5870A Taxes. You made an error when calculating the Payments after Individual Shared Responsibility Penalty on your tax return. Incorporated or qualified with SOS on or after January 1, 2000. Enter the code below and find out what you need to do. Collection Agency LinebargerPennsylvania collection agencies can help For more information about registering a limited partnership, call the Secretary of State's Limited Partnership Unit at 1-916-653-3365, or visit their website at: www.sos.ca.gov. The maximum penalty is $216 per member. Please review the California Form FTB 3532, Head of Household Filing Status Schedule Instructions or FTB Publication 1540 for more information. You made an error on your Schedule D when you entered your difference on Line 12a. The penalty is 5 percent of the unpaid tax (underpayment), plus 0.5 percent of the unpaid tax for each month or part of a month it remains unpaid (monthly). $50 for each report. You cannot claim this credit when your qualifying person is 13 years or older unless they are disabled. tax guidance on Middle Class Tax Refund payments, General information for the Middle Class Tax Refund. Other common penalties include the "estimated tax penalty" and the "demand to file penalty." Less than 50 percent of its stock was owned by another corporation. You made an error when you calculated your Total Itemized Deductions. We revised your Foster Youth Tax Credit because you incorrectly transferred the CA Exemption Credit Percentage from your tax return, to your Form 3514, California Earned Income Tax Credit. Do not include Social Security numbers or any personal or confidential information. California Franchise Tax Board Penalty Code B We disallowed your Head of Household filing status based on the information provided on Part II, on your California Form FTB 3532, Head of Household Filing Status Schedule. You incorrectly calculated your CA Taxable Income when you subtracted your CA Prorated Standard Deduction from your CA Adjusted Gross Income. Review: The math on your California tax return. Gather and review all relevant tax documents to check for errors. You made an error when you totaled your Schedule CA, Column B income. B-1, Adjusted Gross Income, Taxable Income, and Tax Liability By We revised your Young Child Tax Credit because you incorrectly transferred the credit percentage from your tax return to your Form 3514, California Earned Income Tax Credit. Review the site's security and confidentiality statements before using the site. California LLC Annual Fees (What's due each year?) | LLCU We found an error on your tax return in your calculation of total contributions. Contact or submit documents to the Filing Compliance Bureau: We revised the penalty amount because you indicated your household had health coverage for the entire year. 10 If you feel this is an error, please contact the Filing Compliance Bureau: Mail: State of California We revised the subsidy amount because you made an error calculating your household income. This law applies to 2008 and 2009 tax years (R&TC Section 24416.9). File a return, make a payment, or check your refund. You made an error on your Schedule D-1 when you entered your difference on Line 21a. We revised your Earned Income Tax Credit/Young Child Tax Credit because one or more qualifying children were older than you, or you and your spouse/RDP. If you have any issues or technical problems, contact that site for assistance. We revised or disallowed your Foster Youth Tax Credit because you or your spouse/registered domestic partner (RDP) did not meet foster youth requirements. canceled check, transaction number, etc.) This Google translation feature, provided on the Franchise Tax Board (FTB) website, is for general information only. We revised your tax liability because you did not correctly calculate or transfer the exemption credits on your tax return.