FTB concedes client only owes minimum tax

Our client received a notice from California’s Franchise Tax Board with erroneous appeal information indicating his business owed $16,653 in state income tax. We filed a protest with the Office of Tax Appeals on his behalf arguing that in fact he owed nothing to the State of California and the proposed assessment was clearly erroneous.

After discussion with FTB counsel, our client agreed to a settlement for the minimum franchise tax ($800) for the year in question.