I am a bit puzzled why the California FTB sent me a letter saying I had $700 other income from last year‘s taxes. Wondering why the notice didn’t come from the IRS and why they don’t just ask for the amount they need. I can’t find any difference than what I filed last year. I’d rather just pay and be done with it.
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I received a letter from the California FTB about my 2021 tax returns indicating that I claimed itemized deductions "significantly higher than what would be expected." The letter said to "review the itemized deductions you claimed for 2021" and included instructions for filing an amended return.
So I reviewed the deductions, and they are correct (there is a long explanation... I had a windfall and funded a donor-advised fund with appreciated stock that year). Do I need to do anything? The letter doesn't include any request for response unless I'm submitting an amended return.
I'm also curious if I'm being audited, or if this is just a form letter they send automatically if you meet some criteria.
I filed my tax return a little bit ago, and received a refund from the IRS and California. Now evidently I'm going to get a letter from the franchise tax board of california. What might that be- cause for concern?