California ~ Personal Income Tax: FTB Reports $28 Million in Undelivered Refunds

The California Franchise Tax Board (FTB) is encouraging taxpayers to find out if they are among the thousands of residents who missed receiving a total of $28 million in personal income tax refunds. This year, the U.S. Postal Service returned more than 49,000 personal income tax refunds to the FTB. Most cases involve taxpayers who moved but failed to update their addresses with FTB (once a taxpayer enters a new mailing address, the FTB automatically issues the new refund). Taxpayers can use the “Check Your Refund Status” online tool (https://www.ftb.ca.gov/online/refund/index.asp) to learn whether they have a refund waiting. Taxpayers may also call the FTB at 800-852-5711. The FTB also strongly encouraged taxpayers to use direct deposit, which allows the FTB to deliver refunds in a matter of days. As of November 28, 2015, the FTB had issued more than 10.5 million refunds totaling more than $10.8 billion for the 2014 tax year.

Press Release, California Franchise Tax Board, December 7, 2015

 

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Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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