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Tax Law

California Franchise Tax Board Provides Extension for Taxpayers

The California Franchise Tax Board just issued Notice 2020-02, providing an extension to July 15th for taxpayers to file income/franchise tax refund claims, protests, or appeals and petitions for rehearing at the Office of Tax Appeals that would normally have due dates during the “postponement period” of Mar. 12, 2020 to July 15, 2020.

The Notice also states that the FTB has until July 15th to issue Notices of Proposed Assessment where the statute of limitations is set to expire during the postponement period.