FTB Hardship Petition – Temporary Deferral
Each Franchise Tax Board tax debt collection case is unique. In some cases, the best option for our client is to negotiate for a temporary deferral from FTB collections. On the one hand, this type of Franchise Tax Board tax resolution is useful because our client is protected from wage enforcement orders and other enforced collection actions the FTB can use to collect a tax debt from you.
On the other hand, the hardship status that can be negotiated with the FTB is temporary in nature and specific in term. The term of this California Franchise Tax Board extension generally is no longer than one year. Therefore, it is important to have a tax strategy for your long term tax resolution negotiations when considering this option. Nonetheless, for many people fighting the Franchise Tax Board, this option is practical if they are unable to afford monthly payments to their debt, or just need some time before they can make payments or fund an offer in compromise tax settlement. If it sounds like this applies to you, reach out to our offices in Sacramento or Modesto, CA for tax help.