State of California Franchise Tax Board Admits Data Entry Errors

The Franchise Tax Board issued a statement that they identified a technical issue that resulted in a discrepancy in the wage and withholding information they use to verify the amount of withholding credits taxpayers claimed on their 2015 returns.

When you whittle down the information provided, the FTB didn’t input the 4^th Quarter 2015 information into their system before calculating refunds due to taxpayers.

This failure can result in:

• False tax notices
• Reduced refunds
• No refunds received
• Receipt of notices requesting more information – FTB Form 4734*

*If you receive Form 4734, we recommend you call the FTB instead of sending the information as this will speed up the process.

The FTB feels that they have identified and resolved the technical issue.