Return Information Notice Explanation (Page 4 of 6) in pdf

pB We assessed a penalty for the period the estimated

overpayment did not completely satisfy the liability

tax was underpaid.

for that taxable year, you must pay the tax and any

pC No estimated tax penalty is due for the taxable year

penalties before you submit your claim. The claim

shown on the notice.

should be in letter format titled “Claim for Refund”

pD We assessed penalties and interest where

and should include the following:

applicable. Refer to the INTEREST INFORMATION

• Entity name and entity ID number.

• All taxable years and amount of the claim.

and PENALTIES AND FEES sections of this form

for additional information.

• Reason for the claim and any substantiation.

RA We revised the amount shown on your Limited

Send the Claim for Refund to:

Liability Company Return of Income (Form

FRANCHISE TAX BOARD

568), Line 1, “Total income from Limited Liability

PO BOX 1468

Company Income Worksheet”, because the amount

SACRAMENTO CA 95812-1468

shown is less than the amount of Gross Profit

sA We disallowed your request for direct deposit of

reported on Schedule B, Income and Deductions.

your refund because the information required was

RB Limited liability companies doing business in

either missing, invalid, or illegible. We converted

California are subject to an annual fee based on

your direct deposit request to a paper check to

their total annual income as defined in Revenue

ensure a timely refund.

and Taxation Code Section 17942. We revised your

TA If you do not pay by the date of this notice, we may

LLC fee shown on your return either because we

revoke your amnesty, reinstate cancelled penalties,

found a computation error or you used the incorrect

and assess new amnesty related penalties.

fee amount.

VA We offset all or part of the total overpayment to

RC Limited liability companies doing business in

other liabilities on this account. If you disagree with

California or having a certificate of registration or

our application of all or part of the overpayment,

articles of organization issued by the California

you can file a claim for refund. File the claim for

Secretary of State are subject to an annual tax

the tax year to which we applied the overpayment.

of $800.

If the overpayment did not completely satisfy the

RD We revised the non-consenting nonresident

liability for that taxable year, you must pay the

members’ tax shown on your return because we

tax and penalties before you submit your claim.

found a computation error or you used the incorrect

(See paragraph RJ for instructions to file a Claim

tax rate.

for Refund.)

RE We revised the annual tax shown on your return.

WA We offset all or part of the total overpayment

Provided you conducted no business, you must

to other liabilities on the account of a related

file a Limited Liability Company Short Form

corporation. If you disagree with our application of

Certificate of Cancellation (LLC-4/8) with the

all or part of the overpayment you can file a claim

Secretary of State within 12 months of filing the

for refund. File the claim for the tax year to which

Articles of Organization (LLC-1) in order to qualify

we applied the overpayment. If the overpayment did

for zero annual tax. Annual tax payments made

not completely satisfy the liability for that taxable

by a registered limited liability company for its first

year, you must pay the tax and penalties before

taxable year are not refundable.

you submit your claim. (See paragraph RJ for

RF We revised the extension payment (FTB 3537) and

instructions to file a Claim for Refund.)

annual tax payment (FTB 3522) shown on your

xA The State Board of Equalization notified us that

return because the amount shown is incorrect.

your entity has an outstanding liability with them.

Rg We revised the tax and fee due shown on your

Your Franchise Tax Board refund was offset against

return to correct a computation error.

that liability. Refer to the enclosed notice for the

Rh We revised the credit to next year’s tax or fee shown

amount credited to the State Board of Equalization.

on the return for one of the following reasons:

You can contact them at (916) 323-1820.

• We found a computation error.

xB The State Controller’s Office notified us that your

• We made a change to the total tax and fee due.

entity has an outstanding liability with them. Your

• We corrected the amount of payments and

Franchise Tax Board refund was offset against that

credits available.

liability. Refer to the enclosed notice for the amount

RI We applied part or all of the overpayment from your

credited to the State Controller’s Office.

return to the next year’s tax liability. If you do not

xD The Attorney General’s Office notified us that your

want the overpayment applied, please contact us.

entity has an outstanding liability with them. Your

Please note that if we refund the credit, you may

Franchise Tax Board refund was offset against that

be subject to a late payment penalty for the next

liability. Refer to the enclosed notice for the amount

tax year.

credited to the Attorney General’s Office.

RJ We offset all or a portion of the total overpayment

xE The Medical Board of California notified us that

to other liabilities existing on this account. If you

your entity has an outstanding liability with them.

disagree with our application of all or part of the

Your Franchise Tax Board refund was offset against

overpayment to another liability, you can file a

that liability. Refer to the enclosed notice for the

claim for refund. File the claim for refund for the

amount credited to the Medical Board of California.

year to which we applied the overpayment. If the

FTB 5949 (REV 09-2006) PAGE 4

Return Information Notice Explanation Page 4

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