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 593 V Form California Franchise Tax Board Ftb Ca 2021

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hello this is robert i'm a tax attorney here at trp and we're gonna go over california ftp offer and compromise and basically how you get it now california is harder to get than the irs when it comes to settlements and the reason is they got more time to collect they discriminate based on your age which means if you're not nearly 50 or older a lot of times they're just not going to accept it they require all tax returns to be filed whereas with the irs if there's some missing years that they did for you they call those substitute returns irs will just let you file the offer on those california wants you to file the old tax returns before anything goes forward income and expenses similarly irs they're going to look at your income and expenses but if you're barely making a month they do have a little bit more leeway on the expenses of ftb they're not as locked into certain figures see a link below to our ftd offer guide and

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Form 593
FTB Form 593
form 593-v

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