California | Tax Law
Legal Question
Old penalty for non-filing in California
I have just received a notice from the California
Franchise Tax Board, after returning to the US following
11 years living abroad. In my youthful wisdom in 1991, I
remember noting that I didn't owe California tax for the
1990 tax year, and so didn't file a California income tax
form for 1990. I returned to the US a little more than a
year ago and have just received a notice of ''Penalty,
Interest, and Fee Waiver Opportunity'' for the tax year
ending 12/1990. The tax they claimed I allegedly owe
on top of the penalties California is adding amount to
more than three times the alleged tax debt. I only have
about 5 days to respond, and California says that iif I do
so, that I will 'only' have to pay the initial 'debt.' I thought
that the Statute of Limitations lasted 4 to 10 years.
What should I do?
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