If you were to ask most Californians if they knew what the IRS does, most of them would know exactly what you were talking about. However, if you were to ask the same people if they knew what the California FTB does, I would guess a small number of them would know.
The answer to the question of what the FTB does is? Is quite simple, they are tasked with collecting all of the income taxes assessed by the state of California. The FTB or Franchise Tax Board was created to replace the office of the Franchise Tax Commissioner that was abolished in 1950.
Get FTB help, call our Los Angeles based tax representation firm today at 1-877-78-TAXES [1-877-788-2937].
Franchise Tax Board Professional Help
The Franchise Tax Board consists of three individuals that currently hold positions in the California government. The three people include Betty T. Yee (State Controller), Malia M. Cohen (Chair of the Board of Equalization), and Joe Stephenshaw (Director of the Department of Finance).
The three-person board is responsible for collecting all personal income taxes from Californians. They are also responsible for collecting a Franchise Tax that is assessed on all companies doing business in California. They are also responsible for collecting non-tax-related funds for the California Department of Motor Vehicles for delinquent vehicle registrations. Finally, they also collect funds from political activities.
FTB and back taxes representation help
Much like the IRS, the California FTB has powerful tools at its disposal for collecting back or delinquent taxes from individuals and businesses. The board can use CA Bank Tax Levy and CA Wage Garnishment to collect the funds owed for back taxes, fees, and penalties. If you receive a letter from the CA FTB stating that they intend to take either form of collection action, you need to take it seriously.
According to current California Tax Law, the Franchise Tax Board has all of the authority needed to collect delinquent back taxes and all accessed fees and or penalties. They effectively use the Bank Tax Levy and Wage Garnishment options to ensure that the State of California gets all of the delinquent unpaid back income tax money it is owed.
CA Wage Garnishment – California Tax Law allows the FTB to establish a wage garnishment, attachment, arrangement with your employer. That means your employer must withhold the amount of money that the FTB determines and send it directly to the board. The amount of money that the law allows is 25% of your disposable income per week. Most people would much rather avoid their employer having to garnish their wages due to failing to file state income tax returns or unpaid back taxes.
CA Bank Tax Levy – The CA Franchise Tax Board has another option when it comes to collecting delinquent back taxes owed by Californians. The CA Bank Tax Levy allows them to seize cash, bank accounts, and assets for the total amount owed by individuals and businesses. The CA FTB Tax Levy is the most severe of the two options that they have at their disposal. They will likely use the one that gives them the best likelihood to collect the money owed.
What to do if you receive a CA FTB Collection Notice?
First and foremost, if you have received a CA FTB Notice of Wage Garnishment or CA FTB Tax Levy do not downplay it or disregard it. You should immediately, contact our tax representation firm. We are experts at dealing with the CA FTB and will be able to help you deal with them. The CA FTB has an even more ruthless reputation than the IRS does when it comes to collecting back taxes. By contacting our back taxes representation firm, we can assist you as we employ enrolled agents that are highly trained individuals that have the experience needed to deal with the CA FTB.
Can you get a CA FTB Bank Tax Levy or CA FTB Wage Garnishment released?
So, you have received a notice from the CA FTB it says that they intend to garnish your wages due to failure to pay delinquent California income taxes. The best way to avoid having your wages garnished would be to pay the amount that is requested in full. This will immediately terminate the planned action by the CA FTB. The same would be true if you received a notice from the CA FTB that they intend to levy your assets (cash, bank accounts, and personal property) to collect the total amount that you owe. You should make all attempts to be able to come up with the total amount owed on the letter, or seek professional help to reach a resolution through payment plans, or lump sum settlements.
Final Thoughts – FTB Collection Notice Help
The bottom line is, do not blow off the CA FTB if you receive a notice from them. They are like bulldogs; they will not let go until they have received all that the state of California is owed. Fortunately, you have somewhere to turn to, our tax representation firm has the expertise to be able to help guide you through the scary process of dealing with the CA FTB. Just know that you do not have to go it alone.
Get FTB help, call our Los Angeles based tax representation firm today at 1-877-78-TAXES [1-877-788-2937].