Scott B. Price, CPA

Mandatory E-Pay Message

May 28, 2009

The California Franchise Tax Board has implemented a new mandatory e-pay policy.

The new mandatory e-pay law requires certain taxpayers to remit their payments electronically. The first payment that would trigger the mandatory e-pay requirement is the 2009 taxable year first quarter estimate that was due April 15th, 2009. This first payment did not have to be made electronically, but all future payments should be made electronically.

For the 2009 calendar year the state will not impose the mandatory e-pay penalty (1% of the amount paid) to allow taxpayers and practitioners additional time to implement practices and procedures to comply with the requirement.

Please contact us if you have further questions on the e-pay requirement.