Scott B. Price, CPA

Electronic funds transfer for individuals

January 5, 2009

Individual tax payers with an estimated tax payment or extension payment in excess of $20,000 or with total tax liability in excess of $80,000 in any year must remit their tax payments electronically to the California Franchise Tax Board beginning January 1, 2009.

We will provide you guidance in the filing instructions for your tax return or separate estimated payments on how to comply with these new requirements if they are applicable to your situation.