Provision No. 1 – Franchise Tax Board (FTB) Installment Agreement (IA) ExpansionFranchise Tax Board Installment Agreement Expansion & Revivors for Limited Liability Companies • August 24th, 2023
Contract Type FiledAugust 24th, 2023This provision would, under the Administration of Franchise and Income Tax Laws (AFITL), make several changes to the current IA authority to allow more taxpayers the right to enter into an IA with FTB if they meet specified requirements and extend the time for full payment of an IA in certain situations. Additionally, this provision would clarify when FTB could alter, modify, or terminate any IA under certain circumstances.