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FTB 1131 COD Franchise Tax Board Privacy Notice CA Gov Form
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People also ask
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Why did I get a 1099-MISC from the state of California Franchise Tax Board?
You received this form because both of the following happened: You claimed state income tax payments as an itemized deduction on Schedule A of your Federal Income Tax Return for the tax year listed in Box 3. You received a refund, credit, or offset of $10 or more.
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What is FTB 1131?
FTB 1131 COD Franchise Tax Board Privacy Notice on Collection | FTB.ca.gov.
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Why would I owe money to the franchise tax board?
Penalty for Late Tax Returns Filing a late tax return is one of the most common reasons that a large number of taxpayers owe money to the FTB. Specifically, a taxpayer can incur late fees on an unfiled return the day after not filing their tax return.
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Why did I get a letter from the California Department of tax and Fee Administration?
Why did I receive this letter? Our records show that you have an outstanding balance. Additional interest will accrue if the tax and/or fee is not paid in full. Details of the balance due are shown on your letter.
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Why would I get a letter from FTB?
The FTB wants to verify the dependents you claimed on your tax return. You need to send them the information they requested with a copy of the letter.
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Why would I get a letter from the California Franchise Tax Board?
The Franchise Tax Board will send a notice or letter to personal taxpayers and business entities for issues that may include but not limited to: You have a balance due. You are due a larger or smaller refund. We need to notify you of delays in processing your return.
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Why do I owe California franchise tax board?
There are a number of reasons you may receive a bill from the Franchise Tax Board. You filed your tax returns late. This is by far the most common reason you may still owe money. People don't realize that late filing, even by one day, will incur a late filing penalty.
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Why am I getting a 1099 from the state of California franchise tax board?
You received this form because both of the following happened: You claimed state income tax payments as an itemized deduction on Schedule A of your Federal Income Tax Return for the tax year listed in Box 3. You received a refund, credit, or offset of $10 or more.
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