California Tax Refunds Still Delayed February 24, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman From Commerce Clearing House (CCH): The California Franchise Tax Board (FTB) has updated its answers to frequently asked questions (FAQs) about the delayed payment of California corporation franchise and income tax and personal income tax refunds. Even though the state budget has been enacted, the state must now determine if there is sufficient cash to pay outstanding debts, including tax refunds. Until then, all refunds continue to be delayed, not just 2008 tax year refunds. That FAQ is here. One question missing from the list is whether taxpayers can send IOUs to the state instead of tax payments. That probably will not be allowed. More on California here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for State Tax Policy California Business Taxes Corporate Income Taxes Tags Franchise Taxes State Tax and Spending Policy
