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Top Ten Business Entity Errors That Delay Processing Your California Tax Return
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March 25th, 2009UncategorizedCalifornia'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
