Looking for a California Tax Forms And Templates? Download it for free!

Form Ftb 7265bc - Corporation Collections Information - State Of California Franchise Tax Board Page 3

Post-Amnesty Penalty

We impose a penalty when your entity owes new or additional

tax on a tax year that qualified for tax amnesty. The penalty is

equal to 50 percent of the interest that accrued on the tax

assessment from the original due date of the tax to March 31,

2005. You cannot protest this penalty. You can file a claim for

refund of this penalty only on the grounds that the amount of

the penalty was not properly computed by the Franchise Tax

Board. (R&TC Section 19777.5(a)(2))

Secretary of State Penalty

The California Secretary of State imposes a $250 penalty if

your entity does not file its applicable:

• Statement of Domestic Stock Corporation (due annually).

• Limited Liability Company - Statement of Information (due

every two years).

• Statement of Foreign Corporation (due annually).

(California Corporations Code Sections 1502, 2204, 17060,

and 17651(b))

For more information, contact:

CALIFORNIA SECRETARY OF STATE

STATEMENT OF OFFICERS

PENALTY UNIT

PO BOX 944230

SACRAMENTO CA 94244-2300

Underpayment and Monthly Penalty

We impose a penalty if you do not pay the total amount due

shown on your entity's return by the original due date. The

penalty is 5 percent on the unpaid tax, plus 0.5 percent on the

unpaid tax for each month or part of a month it remains unpaid.

The maximum penalty is 25 percent of the unpaid tax. (R&TC

Section 19132)

Non-Qualified, Suspended, Forfeited Penalty

We impose a $2,000 penalty on non-qualified, suspended, or

forfeited corporations doing business in California if they do not

file a tax return within 60 days after we send a demand to file.

(R&TC Section 19135)

Interest

Interest accrues on unpaid liabilities from the original due date

of the return until the date we receive payment in full. We also

charge interest on penalties. (R&TC Section 19101)

FTB 7265BC (REV 03-2006) SIDE 3

Form Ftb 7265bc - Corporation Collections Information - State Of California Franchise Tax Board Page 3