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Replace Dropdown List from the Tax Agreement

Replace Dropdown List from the Tax Agreement

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

How much do you have to make to file taxes in California 2023?

Single filers who are younger than 65 years old must file taxes if they earn more than 12,950 dollars per year, while those who are 65 or older need to do so if they make more than 14,700 dollars.

Why would I get a letter from the California Franchise Tax Board 2023?

The Franchise Tax Board will send a notice or letter for issues that may include but not limited to: You have a balance due. You are due a larger or smaller refund. We need to notify you of delays in processing your return.

What is an FTB notice?

An FTB Notice can be a written statement regarding a procedure that affects taxpayers or other members of the public under the Revenue and Taxation Code (RTC), related statutes, or regulations. In these circumstances, an FTB Notice is equivalent to an IRS Revenue Procedure.

What does a notice of tax return change mean?

You receive this notice when we correct one or more mistakes on your tax return. The information is only for the tax year printed at the top of the notice.

What is the interest rate for the FTB penalty in 2023?

For the period July 1, 2023, through December 31, 2023, the interest rate will increase from 5% to 7%. This is the rate compounded daily that accrues with respect to various state taxes, to include: Personal income.

Can I change my direct deposit information with the IRS online?

If you have already submitted your tax return, then wait until the IRS either accepts or rejects your return. If the IRS rejects your return, you can sign in to your account and make the correction to your bank information before e-filing your tax return again.

Why would you owe the Franchise Tax Board?

Penalty for Late Tax Returns Filing a late tax return is one of the most common reasons that a large number of taxpayers owe money to the FTB. Specifically, a taxpayer can incur late fees on an unfiled return the day after not filing their tax return.

Can I change my tax withholding online?

Online - Log in to myCalPERS and select Tax Withholdings from the Home tab. Follow our step-by-step How to Change Your Tax Withholdings on myCalPERS (PDF) guide if you need help.

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