Tax Alert: California to Begin Issuing Income Tax Refund Payments
3/09/2009
As we previously reported, on February 1, California placed a payment suspension on all income tax refunds for 30 days with the possibility of the suspension being extended if certain financial requirements were not achieved.
On March 6, 2009, the California Franchise Tax Board (FTB) lifted the income tax refund suspension. Accordingly, the FTB is working with the State Controller's Office to release tax refunds as quickly as possible for both individuals and business entities.
Individuals can check the status of their tax refunds on the FTB website:
http://www.ftb.ca.gov/online/refund/index.asp
For more information, contact your J.H. Cohn service professional at 877-704-3500.
Circular 230 Notice: In compliance with U.S. Treasury Regulations, the information included herein (or in any attachment) is not intended or written to be used, for the purpose of i) avoiding penalties the IRS and others may impose on the taxpayer or ii) promoting, marketing or recommending to another party any tax related matters.