California FTB Issues FAQs Clarifying 2020 Tax Year Extension to File, Pay Income Taxes

The California Franchise Tax Board April 9 issued frequently asked questions (FAQ) clarifying the 2020 tax year extension to file and pay individual income taxes. The FAQ answers clarify that: 1) California had postponed the income tax filing due date for individuals for the 2020 tax year to May 17 from April 15; 2) any amount not paid by the postponed due date will be subject to applicable penalties and interest as of May 17; 3) if the statute of limitations to file a timely refund claim normally expires on April 15, the FTB will consider the claim timely if ...