The CA Franchise Tax Board doesn't charge a first year fee For brand new organizations fashioned in the last fifteen days of your calendar year.
An FTB bank levy is stopped when your scenario is solved or pending resolution. Selection motion will not be stopped by submitting a proposal In Compromise in all scenarios, but it's in the majority of.
Reach resolving your scenario or employ a tax lawyer to manage it for yourself once you receive a California Franchise Tax Board bank levy. Receiving the levy is a sign that your case is deep in collections. Don't prepare on obtaining the levy money back again, but it might be achievable.