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. Companies that are indebted to FTB can also make a staggered payment contract over the phone, but it is more complicated and more documents are needed. For more information, please visit the FTB website at www.ftb.ca.gov/online/installments_bus.shtml. You can`t pay your tax bill and want to receive a payment plan? You can ask for a missed tempe agreement. This article is an accompanying piece of my latest article entitled Owe the IRS 50,000 or Less? Do you want a payment agreement? Try it yourself. In the IRS article, I wrote about the new “Fresh Start” initiative to enter into a phased payment agreement with the IRS if the taxpayer owed $50,000 or less.

You don`t need a CPA or a lawyer to negotiate a payment agreement. You can do this yourself by calling an IRS tax number. If approved, it will cost you $50 to set up a tempered contract (added to your balance). 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. The payment agreement with FTB must be made by electronic withdrawal of funds. In the future, you will need to be up-to-date with your requests and payments. This optimized payment contract is subject to a $34 tax and this tax is added to its balance. 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. While we process your application, you should still make your payments: The California Franchise Tax Board (FTB) introduced a similar “Fresh Start” program in March 2012. If you owe $25,000 or less to the FTB, you can “do it yourself,” either by calling a green number or online. The FTB refers to this process of establishing an “interim payment plan.” You can set a 60-month payment schedule at www.ftb.ca/gov/online/eIA/Apply_Online.asp or by phone at (800) 689-4776. You may need to submit a financial report for approval. A tax guarantee may be a condition for compensation. If you owe FTB more than $25,000, you should call the green number and request an FTB 3567 financial registration form. This form is also available online if you want to complete it before your call. Once you have completed the financial institution, call the green number and negotiate your own interim payment plan. .

Franchise Tax Board P.O. Box 942867 Sacramento, CA 94267-0011.