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FTB INSTALLMENT AGREEMENTS

FTB INSTALLMENT AGREEMENTS

If you are financially unable to pay the tax liability in full, you may be eligible to make payments in installments over time. Tax liabilities continues to accrue interest and applicable penalties until paid in full.

If the tax liability you owe exceeds $10,000 or the installment agreement period for payment exceeds 36 months, or both, then you must certify that you have a financial hardship. In cases of financial hardship, installment agreements are subject to periodic review. The FTB takes into account your ability to pay and your compliance history. The FTB may file a lien and/or request a financial statement as a condition for approval. If you fail to prove your financial condition, the FTB may reject your installment agreement request. Contact a tax attorney to assist you or your business with requesting an installment agreement or disputes with the FTB about liens.