If you request a payment plan (contract to temper), your application can take up to 90 days to be processed. As a general rule, you have up to 3 to 5 years to pay off your balance. If you are unable to resolve your issues of the government`s tax debt, you can benefit from assistance from the law firm for the rights of taxpayers. This agency will conduct an independent review of your tax situation, make recommendations and answer any questions you have about California income tax. To start, call 1-800-883-5910 or write to Executive Section Liaison MS A381, Franchise Tax Board, P.O. Box 157, Rancho Cordova, CA 95741-0157. If you sign up for a california tax payment plan, you may be subject to a state tax guarantee. FTB files a public data set that entitles them to your assets. This can have a negative impact on your credit, making it difficult to qualify for mortgages and others. In some cases, you can request the withdrawal of the pledge if you have made payments as agreed and you will settle the debts in less than three years. Even if you can`t pay your tax debt, it`s important to contact the FTB. Ignoring your tax notices leads to the accumulation of interest and penalties, as well as the possible seizure of assets you own. The FTB also has a unique feature that is not available with IRS temperature chords.
The function is called “jumping the month.” If, for any reason, you cannot make your payment staggered as part of your agreement, you can call FTB and therefore inform it in advance of the due date of your payment. With FTB, you can spend a month without declaring your payment contract as a delay. The call number is (916) 845-0494. If you request a staggered payment, an application fee of $34 will be added to your tax balance. If your application is accepted, you will receive a notification with your monthly payment date and amount. If you do not make this first payment within 30 days, you will terminate your temper contract and you will have to expect further recoveries from the FTB. In deciding whether to accept a compromise offer, the government will consider your full financial vision, including all the assets or real estate you own, your current income and potential for future income, your monthly expenses and whether your finances are likely to improve in a year or more years. Most people owe about three times as much to the IRS as they do to the FTB. Although the IRS limits are $50,000 or less, most people who owe up to $25,000 to the FTB owe the IRS more than $50,000. This means that FTB`s limit values are actually more generous than those of the IRS. With the IRS, you can pay up to 72 months, but with the FTB is the maximum time for a 60 month agreement. You can`t pay your tax bill and want to receive a payment plan? You can ask for a missed tempe agreement.