Time running out for delinquent tax filers

The California Franchise Tax Board Monday began sending notices to 55,980 individuals in San Diego County who earned income in 2007, but failed to file state income tax returns for that year.

More than 900,000 delinquent tax filers throughout California have 30 days to file their state tax return for 2007, or show why one is not due, according to the Franchise Tax Board.

When a required return is not filed, the FTB issues a tax assessment using income records to estimate the amount of state taxes due. That assessment includes interest, fees and penalties.

The FTB identifies nonfilers by using more than 350 million income records it gets from the Internal Revenue Service, banks, employers, state departments and other sources.

The FTB also uses occupational licenses and mortgage interest payment information to track down individuals who have not filed a state income tax return.

Last year, the Franchise Tax Board collected more than $550 million by pursuing those who had not filed state income tax returns.

For those receiving notices, information is available online at www.ftb.ca.gov by searching for “Request/Demand for Tax Return” or by calling
(866) 204-7902.

Related posts:

  1. SD foreclosures fall 9.9 percent
  2. Fairgrounds’ top executive may get 29 percent pay increase
  3. Padres agree to sell
  4. Luxury home prices drop
  5. Short field set for council race

Short URL: http://www.delmartimes.net/?p=7438

Posted by Pat Sherman on Mar 2, 2009. Filed under Archives. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Archives

Facebook

Bottom Buttons 1

Bottom Buttons 2

Bottom Buttons 3

Bottom Buttons 4

Bottom Buttons 5

Bottom Buttons 6

LA JOLLA NEWS

RANCHO SANTA FE NEWS

RANCHO SANTA FE NEWS

RSS RANCHO SANTA FE NEWS