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.
I received a notice of balance due from the California Franchise Tax Board for $1,645. $1,505 as the prepayment tax assessment and $140 for underpayment penalties.
However, I paid the $1,505 back in February. I have the confirmation number. I've been trying to call the FTB but have been unable to connect with anyone for the past 3 days.
Should I make the $140 payment online and just forget about it? The payment is due on 5/29. I requested to open an account but am waiting on a pin number that will arrive via mail after this date so I can see my payment history online.
This is the first year I've had to file with California as an S-Corp so I'm new to all this.
Any help would be greatly appreciated!
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?
I don't understand why they send me this? can anybody help me l don't speak american 🦅