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Ia Tax Policy Conference T h e Pr e m i e r C a l i f o r n i a Ta x E d u c a t i o n E v e n t NOVEMBER 12-14, 2009 Sheraton San Diego Hotel & Marina 1380 Harbor Island Drive San Diego, CA www.calbar.ca.gov/taxation The Taxation Section of the State Bar of California Annual Meeting of the California Tax Bar & California Tax Policy Conference November 12-14, 2009 The State Bar of California Taxation Section in Partnership with the Franchise Tax Board and State Board of Equalization Present.

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If you are starting a business in California you may be surprised to learn that California business entities must pay a minimum franchise tax to the state each year, even if the business is inactive or loses money. At $800, the annual tax fee can feel like a lot of money to a cash-strapped startup.

The FTB will generally consider an offer in compromise if you can prove that you have no way to pay your outstanding taxes, and when the amount offered is “the most the Franchise Tax Board can expect to collect within a reasonable period of time.” In this case “reasonable amount of time” is five-to-seven years.

In fact, you can't avoid the Annual Franchise Tax in California. If you don't pay this tax, the CA Franchise Tax Board will impose penalties and fines. See section 17942 of the Revenue & Tax Code, FTB penalty chart, and FTB penalties and fees.

Court Action Against the State R&TC Sections 21021 You may bring a court action against the State of California in superior court for damages and costs if you are aggrieved by any FTB officer's or employee's reckless disregard of published procedures.

The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the California State Board of Equalization. The chief administrative official is the executive officer of the 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.

If you disagree with FTB's determination of your protest, you have the right to appeal your case to the Office of Tax Appeals. You must respond timely to us by the protest by date or to the Office of Tax Appeals by the appeal by date printed on your notice. You should promptly pay the full amount of taxes that you owe.

California's franchise tax applies to corporations, limited liability companies (LLCs), limited partnerships (LPs), and limited liability partnerships (LLPs).

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232