ASK THE EDD ATTORNEY – WHAT IS YOUR RESPONSIBILITY TO NOTIFY THE FTB W

Consider Prepaying Your FTB “Me Too” Assessment
Instead of preparing and filing a tax return you may have your accountant calculate your FTB exposure and send payment with your written notice. This can save you about one year of FTB accrued interest.

How Long Does It Take the FTB to Send You Its “Me Too” Assessment
It usually takes about one year after the FTB receives your written notice to issue its “Me Too” assessment. This may be in the form of a Notice of Proposed Assessment (NPA). It is always a good idea to have your accountant review the NPA for accuracy. Sometimes the FTB assesses penalties that the IRS did not assess. You are entitled to challenge any NPA that is incorrect or contains penalties that were not in the original IRS deficiency.

Send Written Notice to the FTB Even if You Received a “No Change” From the IRS
It is always great to get a “No Change” from the IRS or a “Zero” deficiency. You are still required to notify the FTB as explained above. Your notice will start the FTB Statute of Limitations for Examination. The FTB does not always agree with the results of an IRS audit. The FTB is free to conduct its own examination as a result of your notice. If the FTB is barred because of your timely notice this works to your advantage.

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An EDD attorney, Robert Schriebman has a successful practice in the Rolling Hills Estates area of Los Angeles County serving clients throughout California and the United States.

As a trusted EDD lawyer, Robert S. Schriebman[1] has successfully dedicated more than 40 years to helping individual taxpayers, business owners, CPAs, Enrolled Agents, and tax attorneys navigate the complicated tax systems of the federal and state governments.

Robert Schriebman has written the only 2 books ever published dealing with how California Employment Development Department (EDD) operates. See “California Tax Collection Practice and Procedures” and “California Taxation Practice and Procedure”, both published by Commerce Clearing House.

Robert Schriebman has written over 20 books including the major manual used nationally by practitioners and the IRS, “IRS Tax Collection Procedures – A Manual for Practitioners” published by Commerce Clearing House

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