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How Can an FTB Attorney Help Me?

The FTB is similar to the IRS in conducting tax audits and taking enforcement action to collect outstanding tax liabilities. The Los Angeles FTB tax attorney at Disparte Tax Law has a wealth of experience in FTB tax disputes.

FTB Audits

The FTB conducts a variety of audits including basis audits. If you have sold real estate of a business, the FTB may conduct an audit to determine that the basis claimed is substantiated. It is important to keep track of capital expenditures to real estate and capital contributions to a business so you can substantiate your basis. In addition, loss carry forwards will also need to be substantiated even if they arise from a tax return that is several years old.

In addition, the FTB generally will follow and assess tax liabilities based on IRS audits. The FTB is very active in filing substitute returns for taxpayers who have not timely filed a tax return. The FTB will estimated income of a taxpayer from a variety of methods including: average income in a particular field of employment; the amount of mortgage interest paid in a particular year.

At the end of your audit, the FTB will provide you with the results in writing. The FTB auditor will issue one or more of the following, as applicable:

  1. A No Change letter that states we accepted your tax return as filed and you do not owe additional tax.
  2. A Notice of Proposed Assessment that shows the additional tax we believe you owe.
  3. A Notice of Overassessment or a Notice of Proposed Overassessment that shows the refund we owe you.
  4. A Notice of Proposed Adjusted Carryover Amount that shows how we reduced a carryover item which did not result in any additional tax for the tax year we examined.

If you do not agree with the FTB auditor’s proposed adjustments, you may be able to file a protest or appeal. We recommend using an FTB Attorney.

Contact a FTB Attorney Today for a Free Consultation

If you have received an FTB notice pertaining to an audit or tax liability collection matter, an FTB tax attorney can guide you through the process and zealously advocate on your behalf to obtain the best possible outcome. We pride ourselves in protecting the interests of our clients, so they can have peace of mind. Contact Disparte Tax Law today for a free consultation.