California Income Tax Problems & FTB Audits
The California Franchise Tax Board may also conduct its own tax audit to look for tax problems that are unique to California income tax law. For example, if you have moved from or to California the FTB may argue that you are a resident of California for some period of time before or after you actually became a California resident in order to tax you on a large bonus you received. Our California tax litigators can review your records to determine whether the FTB is correct, and provide tax representation throughout the entire process.
Another area of difference between the IRS, and the California Franchise Tax Board are the rules regarding net operating losses. These rules are complicated, and change on what seems like a yearly basis. Because of these differences an IRS tax audit can result in no income tax being owed, but a large tax debt to the FTB. For that reason your California income tax debt may be larger than your IRS tax debt. Our Los Angeles, California tax attorneys can help you negotiate the maze of differences between California tax problems, and IRS tax problems.
If its clear that you owe the California Franchise Tax Board we can negotiate an installment payment agreement, or file an offer in compromise on your behalf.
Just contact us to find out how.