Waiver of mandatory e-payment requirement for the impaired.Last year, the tax practitioner community communicated to the FTB FTB Franchise Tax Board (California; they collect income and sales tax)FTB Family Tax Benefit (Australian welfare assistance) FTB First Time Buyer (housing) that there was no permanent waiver of the mandatory e-pay requirement for taxpayers who have a permanent physical or mental impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. that prevents them from using a computer. In response to these concerns, the FTB determined that it could handle these permanent waiver requests administratively. Now taxpayers subject to the mandatory e-pay requirement can request a permanent waiver of the requirement. To do so taxpayers must submit FTB 4107, Mandatory e-Pay Election to Discontinue or Waiver Request, with a signed physician's affidavit affidavit Written statement made voluntarily, confirmed by the oath or affirmation of the party making it, and signed before an officer empowered to administer such oaths. that a permanent physical. or mental impairment prevents the taxpayer from using a computer. The FTB will inform the taxpayer in writing whether the request for a permanent waiver is approved or denied. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion