FTB Installment Payment Error

by

On December 28, the Franchise Tax Board (FTB) computer system failed to post around 25,000 installment agreement payments.  This error only relates to payments that were made by automatic withdrawal for installment agreements that taxpayers had with the FTB.  This computer error did not impact payments made through the web payment system for estimated tax or prior liabilities.

If you are currently set up for automatic withdrawal, you should check to see if the funds have been withdrawn from your account for December.  The FTB has sent a letter to the taxpayers who would have been impacted by this error.  The FTB is requesting that the taxpayers impacted resubmit the payment.  If the payment is received within 10 days of the letter, then the payment will be applied effective December 28, 2012.

As always, please contact us if you have any questions.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: