FTB Penalty Abatements - Explained by a Tax Attorney

The California Franchise Tax Board requires reasonable cause to get a penalty abatement at the time this video was made. Here we explain California FTB debt forgiveness.

There has been proposals for a first-time penalty abatement similar to what the IRS does, but as of now it's not in effect. So currently there is no first time FTB penalty abatement.

Form used to request abatement:

https://www.ftb.ca.gov/forms/misc/2917.pdf

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