If you owe FTB more than $25,000, you should call the green number and request an FTB 3567 financial registration form. This form is also available online if you want to complete it before your call. Once you have completed the financial institution, call the green number and negotiate your own interim payment plan. Understand that what makes you go through financial analysis is pretty rude, and that`s because of a lack of defined standards. There are different forms that are submitted with each of the different agencies of the state. For example, with the franchise tax office, you will file a 3561. Results: Guaranteed monthly payments of only $150 per month, for a saving of 88%! As a general rule, there is a 21-day detention period related to an FTB tax, so the taxpayer has time to enter into a payment agreement or apply for a California bank debit authorization. From an individual point of view, you don`t want to commit to a payment plan that will be too aggressive and that you will fight with. Take your own situation into account again, consider your family situation, how much you need, and then negotiate collections that are in the best interests of the government, but still protect your personal cash flow and what you need to live. Results: Avoid taxes and pawn fees, reduce taxes and penalties to 18,241 USD. Residual balance placed in the closure of the current “non-communityable” balance (financial difficulties).
No payment required. You can retaliate with a higher amount, or they may have discovered that you can afford to pay off the debts within five years. In this case, they will help you establish a deal to miss. This is another area in which a tax lawyer can help. The appeal process for an FTB OIC is quite casual, but negotiations are better conducted with a professional by your side. Results: Currently non-collectible (financial difficulties) closure. No payment required. California taxpayers can easily benefit from a payment plan if they owe less than $25,000 and can repay the including interest and penalties within 60 months.