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 Ftb 4803 Form 2014

2014-2025 Form

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Instructions and help about Ftb 4803 Form

hi everybody I'm AJ Singh CPA from gns today we're going to be talking about the California Franchise Tax Board and how it differs from IRS collections what causes a franchise tax board liability how can you resolve it what are the different methods of resolving it and a little bit about the differences between the collection efforts from the two taxing agencies the IRS is a lot more lenient than the Franchise Tax Board the IRS will often give you first-time abatement of penalties whereas the franchise tax board will only Abate your penalties if you have reasonable costs also there is a big difference in installment agreements the IRS will allow streamline installment agreements without financials for tax liabilities under fifty thousand dollars whereas the Franchise Tax Board the threshold is twenty five thousand dollars so if you go over twenty five thousand dollars in your tax liability you will have to submit financials so a financial statement is basically your ass

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