If approved, it will cost you $50 to set up a tempered contract (added to your balance). They have the right to conduct an independent administrative review of the specific collection operations that can be taken by the FTB. To request an administrative review of the filing or registration of a tax guarantee, the application must be submitted within 30 days of the date of the tax pledge fee. To request a pre-tax administrative review (including z.B a paypping), the application must be submitted within 30 days of the date of the final disclosure, before your income or property is deposited. You are also entitled to an administrative review of a refusal of your staggered payment request or a termination of an existing temperable contract. We generally cannot leave your property for 30 days after the refusal or termination and, if you have filed an application for an administrative review within 30 days of the refusal or termination, during a review of that refusal or termination. (Sections R-TC 19008, 19225 and 21015.5.) Contact us with questions about paying the penalty to the numbers listed on this supplement or to ftb.ca.gov. If we reject your request for a tempered contract or terminate your official payment contract, we will notify you in writing 30 days before the rejection or the end of our intention. We will include a declaration of refusal or termination. If you have received a staggered payment cancellation notification and wish to reset your payment agreement, write to Franchise Tax Board, PO Box 942857, Sacramento CA 94257-0511 or call (888) 635-0494. FTB 4058C, California Taxpayers` Bill of Rights, an Overview, contains information on the rights of state taxpayers. To get FTB 4058C, go to ftb.ca.gov/Forms and look for 4058C, call: (800) 338-0505 (enter code 944 if you indicate it), or email: Tax Forms Request MS D120, Franchise Tax Board, PO Box 307, Rancho Cordova CA 95741-0307 If you are requesting a payment plan (payment contract), it may take up to 90 days to process your application. As a general rule, you have up to 3 to 5 years to pay off your balance.
We imposed a penalty because your company had a dented tax debt, which was eligible for a tax amnesty, but did not meet its tax obligations. For more information, see ftb.ca.gov. The penalty is equal to 50% of the interest on the balance from the original tax due date until March 31, 2005.