We will likely see an increase of FTB notices over the next few weeks for individuals that made 2019 CA extension payments after 4/15/2020. Our firm recently called on two notices and per the FTB representative, 2019 extension payments received after 4/15/20 automatically got applied to 2020 due to a system limitation. This will result in a difference between tax paid per the return filed and FTB records equal to the extension payment (and a notice indicating this). The FTB is in the process of applying 2019 extension payments received after 4/15 to 2019 and no action is needed. If you have questions, please contact your Linkenheimer CPA.
FTB Notices Regarding 2019 Tax Return Change
By Linkenheimer LLP|2020-12-30T22:24:09+00:00December 30th, 2020|CA tax, estimated tax payments, extension, extensions, ftb|0 Comments
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