California FTB Releases Form FTB 2918, One-Time Penalty Abatement - Individual With Instructions

The California Franchise Tax Board March 1 released Form FTB 2918, One-Time Penalty Abatement - Individual with instructions, for individual income tax purposes. The form includes information on: 1) the purpose of the form; 2) criteria that taxpayers must meet to qualify for the abatement; 3) applicable statute of limitations to claim a refund; 4) power of attorney declarations; and 5) filing as a legal representative for a decedent. The form also includes general instructions for filling out the form. [Cal. Franchise Tax Bd., Form FTB 2918, One-Time Penalty Abatement - Individual, 03/01/23]

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