California FTB Issues Correction Notice Regarding Process for Establishing Limited Partnership Disregarded Entity Status

The California Franchise Tax Board (FTB) Dec. 23 issued a correction to a previously issued notice informing limited partnerships of the steps to substantiate that they are properly disregarded for federal income tax purposes as per Legal Ruling 2019-02. The previous notice contained an incorrect address and erroneously included a fax number. The correct address to send claims for a refund from limited partnerships by mail is DLP CLAIM, Franchise Tax Board, PO Box 942857, Sacramento, CA 94257- 4040 and for courier service delivery or private courier mail is DLP CLAIM, Franchise Tax Board, Sacramento CA 95827-1500. The FTB informed ...