TP filed 2010 tax return 1 year late. Ignored numerous love letters from FTB demanding return. CA charged considerable penalty (25% of tax liability) and deducted from refund. Anyone ever have any success in getting it abated? I know CA is broke & needs the money but 25% is obscene.
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Originally posted by Y2KEA View PostTP filed 2010 tax return 1 year late. Ignored numerous love letters from FTB demanding return. CA charged considerable penalty (25% of tax liability)
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They can have, and do have, a penalty for ignoring a demand to file the return. It is a percentage of the tax liability, not a percentage of the balance due.
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