• Top Ten Business Entity Errors That Delay Processing Your California Tax Return

    0
    scissors
    March 25th, 2009GlenUncategorized

    California's business owners now have easy access to solutions made available by the Franchise Tax Board in response to errors made when trying to fulfill their California tax obligations. Here's a partial list of how business owners in the counties of Los Angeles, Santa Barbara, Orange and Ventura - and throughout the rest of California - can make unintended mistakes that delay processing those tax returns:

    Incorrect math calculations, or incomplete or missing documents

    Return account periods overlap

    Omitting or using incorrect entity identification numbers

    Incomplete entity name

    One lump sum payment sent for multiple entities, or multiple payments sent in the same package/envelope

    Incorrect payment amount claimed

    Multiple tax returns filed for the same account period

    Amended returns not clearly identified as amended

    Limited Liability Companies (LLCs) filing incorrect forms

    Using an incorrect form for the tax year account period indicated on the return

    • Share/Save/Bookmark




Leave a Reply

Clickcha - The One-click Captcha