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We revised the amount of estimated tax payments shown on your tax return because our records do not show the same amount received. Gather and review all relevant tax documents to check for errors. 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 revised the penalty amount because you do not qualify for a short-coveragegap exemption. For each source of self-employment that you and your spouse/RDP (if filing jointly) reported, provide the following from your federal income tax return (if applicable): Please review the California Form FTB 3532, Head of Household Filing Status Schedule Instructions or FTB Publication 1540 for more information. Review: Use your MyFTB Account to review your estimated tax payments to make sure they match the amount you sent. For returns filed before January 1, 2011, the penalty is $10 per member/partner for each month or part of the month the return is late or incomplete, not to exceed five months. Phone: 916.845.7088 This may have affected your claimed and/or carryover amount. We revised your balance due because: (a) You incorrectly added your total payments and credits, or (b) You made an error subtracting your total payments or credits from total tax. Gather: Completed California Form FTB 3532, Head of Household Filing Status Schedule, then contact or send your documents to the Franchise Tax Board: We disallowed your Head of Household filing status because in Part I of California Form FTB 3532, Head of Household Filing Status Schedule, you indicated you were married and lived with your spouse during the last 6 months of the tax year. We received an amended tax return from you. We revised the Exemption Credit and Special Credit because you are subject to alternative minimum tax. Business bank statements and credit card statements supporting your business income (covering at least 2 months) CA Franchise Tax Board Letter : r/tax Hi all, I'm trying to find the reason behind this penalty online but I keep reaching a dead end. We disallowed your Dependent Exemption Credit(s) because FTB 3568, Dependent Identification Number Requirement Exception, was incomplete and/or did not include identification document(s). You incorrectly calculated your Refund when you subtracted your Use Tax and Total Contribution from your Overpaid Tax Available This Year. The payments supplied for difficulty of care by this program are nontaxable for federal purposes and do not qualify as earned income for the purposes of the California Earned Income Tax Credit. Linebarger Goggan Blair & Sampson, LLP 62 reviews Unclaimed Tax Services, Legal Services Edit Closed 9:00 AM - 5:00 PM Write a review Add photo Save Photos & videos See all 8 photos Add photo toll company ). You incorrectly calculated your CA Regular Tax Before Credits when you subtracted your CA Prorated Exemption Credits from your CA Tax Before Exemption Credits. We revised the special credit listed below to the maximum allowed for your filing status. We reduced the special credit listed below to the maximum percentage of Taxable Income allowed for the credit. For a complete listing of the FTBs official Spanish pages, visit La esta pagina en Espanol (Spanish home page). Gather: Legal documents supporting your qualifying children's relationship to you (adoption documents, birth certificate). We revised your California Child and Dependent Care Expenses Credit because the amount you entered on your tax return exceeded the maximum allowable credit. We revised the special credit listed below because you claimed it more than once. EN. We revised the subsidy amount because you made an error calculating your annual maximum Premium Assistance Subsidy (PAS) amount. We disallowed the lesser of your Dependent Parent Credit or your Joint Custody Head of Household Credit because you cannot claim both credits. We revised your Disability Access Credit to the correct amount. We applied the overpayment on your tax return to a balance due on your account. The loss did not occur within the designated disaster or terrorism area. You made an error on your Schedule D when you totaled your current year loss and your carryover loss. We revised your estimated tax transfer amount because we found an error on your tax return. Any differences created in the translation are not binding on the FTB and have no legal effect for compliance or enforcement purposes. The maximum penalty is 25 percent of the unpaid tax (R&TC Section 19132). The Form W-2 contains all wages and tax information for an employee regardless of the . We disallowed your Head of Household filing status because the gross income for your qualifying person in Part III of California Form FTB 3532, Head of Household Filing Status Schedule, was blank or the amount exceeds the allowed amount. We revised the subsidy amount because you made an error calculating your annual federal Premium Tax Credit (PTC)amount. We revised the subsidy amount because you made an error calculating your monthly federal Premium Tax Credit (PTC) amount. You did not file your original tax return timely. 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 . You cannot claim more Blind Exemptions than Personal Exemptions. We do not have a record of your credit reservation from the California Department of Tax and Fee Administration. Review the site's security and confidentiality statements before using the site. Are incorporated or organized in California. We disallowed your Head of Household filing status because your qualifying person's name or social security number in Part III of California Form FTB 3532, Head of Household Filing Status Schedule was blank or is invalid. We applied your Child and Dependent Care (CDC) credit to reduce your total tax to $0.00. These penalties reflect the law as enacted on September 21, 2011, for taxable years beginning on or after January 1, 2011. (c) One year from the date you overpaid your income taxes. We disallowed your Dependent Exemption Credit(s) because you did not provide a valid identification number for your dependent(s). Contact the Filing Compliance Bureau: . The amount we substantiated from Forms 592-B and 593, which your business entity attached to its tax return. We reduced your Teacher Retention Credit to the maximum amount allowable. You made an error when you calculated your itemized or standard deduction on Schedule CA. We disallowed your Long-Term Care Credit because your California adjusted gross income is $100,000 or more, which is over the qualifying maximum amount. We allowed the correct amount of credits and deductions. Rev. Free Edition tax filing. We revised your Dependent Parent Credit to the correct amount. 6652 (k). Because your corporations net income after state adjustments (pre-apportioned income) exceeds $300,000, it cannot deduct the Net Operating Loss (NOL) carryover. 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. Dishonored. Please review your completed Form 3514, California Earned Income Tax Credit and your tax return to confirm your entries and calculations are correct. $50 upon certification by the Secretary of State under Corporations Code Sections 6810 and 8810. Gather: copies of your California income tax return. 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. For additional information, go to ftb.ca.gov and search for 3506 to refer to FTB 3506, Child and Dependent Care Expenses Credit, instructions. We cannot guarantee the accuracy of this translation and shall not be liable for any inaccurate information or changes in the page layout resulting from the translation application tool. (b) You made an error calculating or transferring the tax on Schedule G-1 or FTB 5870A, Tax on Accumulation Distribution of Trusts. If your schedule was incorrect, then complete California Form FTB 3532, Head of Household Filing Status Schedule then contact or send your documents to the Franchise Tax Board: We disallowed your Head of Household filing status because your qualifying persons date of birth in Part III, on your California Form FTB 3532, Head of Household Filing Status Schedule, was blank or invalid. We disallowed your Dependent Exemption Credit(s) because you did not provide an identification number for your dependent(s). Reasonably estimated its California tax liability, which it bases upon its income, would not exceed $800. . Refer to the Form 3514 instructions for more information. Refer to the Form 3514 instructions for more information. Phone: 916.845.7088 Franchise Tax Board; Office of the Governor; . We denied your coverage exemption because your applicable household income or gross income is more than the tax filing threshold. Gather dependent's social security card or IRS ITIN documentation. For a payment less than $1,250, the penalty is $25 or the payment amount, whichever is less (R&TC Section 19134). We revised your Child and Dependent Care Expenses Credit because you made an error when you limited your qualifying expenses on Line 3. Add the state's notoriously aggressive. I declare under penalty of perjury under the laws of the State of California that the information above is true and correct. You made an error on your Schedule S when you calculated the percentage on Line 5. (c) You incorrectly calculated the California deduction amount. You made an error when calculating the Payments after Individual Shared Responsibility Penalty on your tax return. Upon certification by the Secretary of State pursuant to subdivision (a) of Section 2204 or subdivision (a) of Section 17563 of the Corporations Code, the Franchise Tax Board shall assess a penalty of two hundred fifty dollars (0). Did not begin business as a sole proprietorship, partnership, or other form of business entity before it incorporated. The filing status revision may have affected your standard deduction, tax, and credits. The Form W-2 reflects wages paid by warrants/direct deposit payments issued during the 2022 tax year, regardless of the pay period wages were earned. We adjusted your tax liability. You made an error when you added up your Total Payments. 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. We revised your Dependent Exemption Credit because you cannot claim yourself or your spouse as a dependent. Visit our State of Emergency Tax Relief page for more information. We revised your Child and Dependent Care Expenses Credit because another taxpayer also used at least one of the qualifying persons social security numbers you provided on your tax return. We list penalty codes by Revenue and Taxation Code (R&TC) sections and reference comparable Internal Revenue Code (IRC) sections. (d) You are not a resident of California and do not qualify for this credit. We made a change to the total tax and fee due. Gather: Proof of residence for you and your qualifying child(ren). Less than 50 percent of its stock was owned by another corporation. Gather: Please review the instructions for the California Form FTB 3532, Head of Household Filing Status Schedule. The 2022 Form W-2 includes warrants/payments with issue dates of January 1, 2022 through December 31, 2022. We revised your California adjusted gross income based on information from your Schedule CA (540NR). For more information, go to ftb.ca.gov/Forms and search for FTB 1024, Penalty Reference Chart. You made an error calculating your Payments Balance. We revised the year end of the tax return since group returns can only be filed on a calendar year basis. (b) You incorrectly used the ratio to calculate the tax amount and credits. We revised the subsidy amount because you made an error calculating your annual Premium Assistance Subsidy (PAS) amount allowed. We revised or disallowed your Foster Youth Tax Credit because you or your spouse/registered domestic partner (RDP) did not meet the age requirements. You made an error when you transferred your itemized deductions to Schedule CA, Line 43. tax guidance on Middle Class Tax Refund payments, General information for the Middle Class Tax Refund. Date: (SIGNATURE OF DECLARANT) Page 2 of 2 . c) Married couples filing separately must divide the credit equally. We revised or disallowed your Senior Head of Household Credit because your California adjusted gross income exceeded the maximum qualifying amount. Your corporation cannot claim this credit if it incorporated or qualified after December 31, 1971. We revised the subsidy amount because you made an error calculating your federal poverty line. Sometimes risking a lien is worth it to settle the debt for much less than you owe. We applied the overpayment from your return to that liability. We denied your coverage exemption because you had a gap in health coverage of more than three consecutive months. copies from your federal income tax return (if applicable): You made an error using the 2EZ Table to calculate your tax. If you have any issues or technical problems, contact that site for assistance. California law permits the FTB to abate penalties if the taxpayer fails to comply with the provisions of the tax code due to reasonable cause. We disallowed your Head of Household filing status because Part I of California Form FTB 3532, Head of Household Filing Status Schedule was either incomplete or blank. If the estate or trust distributed the related income, the estate or trust should prepare Form 592 and Form 592 B to distribute the credit to the beneficiaries who will report the taxable income and claim their share of the credit on their California income tax returns. You incorrectly calculated your CA Tax Rate when you divided your Tax by your Total Taxable Income. The penalty is 5 percent of the unpaid tax and/or fee, plus 0.5 percent of the unpaid tax and/or fee for each month or part of a month it remains unpaid, not to exceed 40 months. UPDATED 11/17/20 with additional guidance from the California Franchise Tax Board: Fully insured employers whose carrier distributes Form 1095-B to California plan participants satisfy their form distribution obligation under the CA Individual Mandate. SOS issued it a Certificate of Registration. To save time, upload any supporting documents to your MyFTB account (optional). Please review your completed Form 3514, California Earned Income Tax Credit and your California Form 540 or 540 NR to confirm your entries and calculations are correct. You made an error when you totaled your Schedule CA, Column E Adjustments to Income. We cannot transfer to the California Department of Tax and Fee Administration the Use Tax amount reported on your income tax return because you have no credit available. You cannot claim Exemption credits on a group return. To save time, upload any supporting documents to your. We disallowed your Young Child Tax Credit because you claimed an excess of net loss and/or an excess in wages for a zero income return. Our goal is to provide a good web experience for all visitors. You must file your claim within three years of the due date of the tax return for the year you paid the excess SDI/VPDI. The maximum penalty is $216 per member. The Franchise Tax Board will revise the above amounts annually under Revenue and Taxation Code section 17041, Subdivision (h). You made an error when you calculated your Adjusted Total Income or Loss. You incorrectly calculated your CA Exemption Credit Percentage when you divided your CA Taxable Income by your Total Taxable Income. Consult with a translator for official business. For additional information, go to ftb.ca.gov and search for 3506 to refer to FTB 3506, Child and Dependent Care Expenses Credit, instructions. We impose a penalty if your entity does not file a tax return by the extended due date or if the returns fail to contain the required information (incomplete). Cal. Reasonably estimated its gross receipts, less returns and allowances reportable to California, to be $1 million or less. The California Secretary of State's Office as SOS. Gather: Your Form 3514, California Earned Income Tax Credit. The board is composed of the California State Controller, . We reduced the amount of credit you asked us to transfer to next years estimated tax. In these situations, the tax on the first required corporation tax return may be less than the minimum franchise tax. We revised your Earned Income Tax Credit/Young Child Tax Credit because a qualifying childs individual taxpayer identification number (ITIN) was the same as another persons ITIN on the tax return. You made an error when you calculated your Tax Due. You cannot claim credit for Real Estate and Other Withholding unless you report the related income. We based the amount of withholding allowed on your Form W 2 or CA Schedule W-2, Forms 1099, withholding documents, or from information received from other tax agencies or your employers. We reduced the special credit listed below to the maximum percentage of net tax allowed for the credit. We disallowed your Earned Income Tax Credit as it was determined you did not reside in California for at least half the year (183 days) based on the information provided by you or your spouse/RDP in response to FTB 4502 Additional Documentation Required Letter. $100 per report if the failure is due to negligence or intentional disregard. You made an error when you added your Tax After Exemption Credits and G-1/5870A Taxes. You made an error on your Schedule S when you calculated Line 6. (b) Four years from the date you filed the return, if filed within the extension period. On top of this interest, a delinquent penalty rate is charged. PO Box 1468 Gather: Federal adjusted gross income wage and withholding documents (W-2, W-2C, 1099 forms, unemployment). We adjust interest rates semiannually (R&TC Section 19521). For additional information, please go to ftb.ca.gov and search for 3506 to refer to FTB 3506, Child and Dependent Care Expenses Credit instructions. (R&TC Section 17942), If you do not file your entitys income tax return by the due date, we impose a penalty of 5 percent of the tax due, after applying any payments and credits made on or before the original return due date, for each month or part of a month the return is late. Gather: Withholding documents (W-2, W-2C, 1099 forms) and final year-to-date pay stub(s). 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 when you transferred your Schedule P Alternative Minimum Tax to your tax return. (b) The amount of your available credit you had was not enough to allow the contribution. Contact or submit copies to the Filing Compliance Bureau: Phone: 916.845.7088 Sacramento, CA 95812-1462. The minimum tax for the second tax year of a qualified new corporation was $500. We disallowed your Foster Youth Tax Credit because you did not qualify for the Earned Income Tax Credit. Unless you have filed a timely claim, we cannot allow a credit or refund after the later of the following dates: (a) Four years from the original due date of the return. The California Franchise Tax Board (FTB) has many of the same weapons at its disposal as the IRS when collecting delinquent tax debt, and also has the ability to use information received from the IRS to assess additional tax against you.If the IRS audits your tax return, and the audit results in an increase in tax, the FTB will most likely use this information to increase your state income tax . Your Schedule CA subtraction of Unemployment Compensation cannot be larger than the federal amount. Mail: Franchise Tax Board MS 151 You made an error when you transferred your CA Regular Tax Before Credits to Line 42. We calculate the penalty on the unpaid amount from the due date of the estimated tax installment to the following dates whichever is earlier (R&TC Section 19142): We impose a penalty when you fail to estimate and pay the annual fee by the 15th day of the 6th month of the tax year. If you have any issues or technical problems, contact that site for assistance. We reduced or disallowed your withholding because you claimed incorrect tax values as state income tax withheld. Schedule F, Profit or Loss from Farming Gather and review all relevant tax documents to check for errors. PO Box 1468 Began operation on or after the date it incorporated. You incorrectly calculated your Refund when you subtracted your Use Tax and Total Contribution from your Overpaid Tax. Incorporated or qualified with SOS on or after January 1, 2000. We revised your Earned Income Tax Credit because you made an error when you transferred your credit from Form 3514, California Earned Income Tax Credit, to your tax return. You made an error when you subtracted your Total Tax Withheld from your Tax. New Donated Fresh Fruits or Vegetable Credit (Credit 238). Your corporations tax cannot be less than the minimum franchise tax, if it incorporated or qualified before January 1, 2000. We disallowed your Earned Income Tax Credit/Young Child Tax Credit because you did not attach Form 3514, California Earned Income Tax Credit, or it was incomplete. Contact the Filing Compliance Bureau: Generally, interest accrues on unpaid liabilities from the original due date of the tax return until the date we receive full payment. Filing Compliance Bureau MS F151 Gather: Your Form 3514, California Earned Income Tax Credit and tax return. We disallowed your Joint Custody Head of Household Credit because your filing status was not Single or Married Filing Separately. All Rows We revised the total tax your corporation reported. For tax year 2004 and after, the nonresident earned income must be from a California source. We revised your tax liability because you did not correctly calculate or transfer the exemption credits on your tax return. The maximum penalty is 25 percent. Go to. Review: the math on your copy of your California tax return. We could not verify your withholding through your employer. Four years after the file date of the original tax return.