What happens when a taxpayer cannot pay their full tax amount due to the state...
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What happens when a taxpayer cannot pay their full tax amount due to the state and starts an installment agreement? Interest will still accrue even if an installment agreement is granted The state may waive penalties and interest if the taxpayer provides proof of hardship using FTB Form The state requires a written guarantee from a third party to secure payment Taxpayers can deduct whatever amount is owed on their Federal income tax Schedule A
What happens when a taxpayer cannot pay their full tax amount due to the state and starts an installment agreement?
Interest will still accrue even if an installment agreement is granted
The state may waive penalties and interest if the taxpayer provides proof of hardship using FTB Form
The state requires a written guarantee from a third party to secure payment
Taxpayers can deduct whatever amount is owed on their Federal income tax Schedule A
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