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CALIFORNIA CORNER: FTB Catching Up on Delayed 2022 Business Returns

The California Franchise Tax Board (FTB) has fallen significantly behind in processing business income tax returns for 2022.  As of January 29, 2024, the FTB website was showing a processing time of 8 months for all business returns.

FTB System Delays

As a result of necessary system programming changes to accommodate the winter storm disaster extensions, FTB reports experiencing system delays outside its normal operational time frames. The reprogramming was needed to ensure that interest was correctly calculated on payments due and refunds because of the delayed due dates. As of February 1, 2024, FTB announced it expects to be caught up and for normal processing to resume within 30 – 45 days.

Prior to March 15, 2024, practitioners who want to file a 2023 business return that reports an overpayment credited from the client’s 2022 return should make sure the 2022 return has been processed in order to avoid confusion or notices.

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Karen Brosi, CFP, EA


Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips.

Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life presentations pinpoint critical federal and state tax areas, teaching tax professionals what they need to know to optimally assist their clients. Karen was the recipient of the California CPA Education Foundation 2012-2013 Outstanding Webcast Instructor award.

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