Common Contracts

Provision No. 1 – Franchise Tax Board Installment Agreement Expansion

Franchise Tax Board Installment Agreement Expansion & Revivors for Limited Liability Companies • April 12th, 2023

• Contract Type
  Franchise Tax Board Installment Agreement Expansion & Revivors for Limited Liability Companies
• Filed
  April 12th, 2023

This provision, under the Administration of Franchise and Income Tax Laws (AFITL), makes several changes to the current installment agreement (IA) authority to allow more taxpayers the right to enter into an IA with Franchise Tax Board (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.