The Franchise Tax Board (FTB) is a state agency that is responsible for collecting taxes and administering tax laws. If you owe money to the FTB, they have the legal right to issue wage garnishments and bank levies in order to collect the debt. In this blog post, we’ll explain everything you need to know about FTB legal orders.
What Is a Franchise Tax Board Legal Order?
A Franchise Tax Board (FTB) legal order is a legal document that allows the FTB to collect taxes that are owed by levying bank accounts and/or wages. The FTB can issue these orders if you have failed to pay your taxes or have made an error on your tax return.
If you receive an FTB legal order, it’s important to take action immediately. The sooner you contact the FTB and come up with a payment plan, the better. Ignoring an FTB legal order will only make things worse—the FTB can take more aggressive collection actions, such as seizing assets or placing a lien on your property.
Why Do the Franchise Tax Board Issue Wage Garnishments and Bank Levies?
The franchise tax board can issue wage garnishments and bank levies in order to collect unpaid taxes. Both wage garnishments and bank levies are serious collection actions that can have a major financial impact on taxpayers.
Wage garnishments occur when the FTB instructs an employer to withhold a certain portion of an employee’s paycheck and send it directly to the FTB. This can be a major financial hardship for taxpayers, as it reduces their take-home pay.
Bank levies occur when the FTB instructs a financial institution to freeze a taxpayer’s bank account and send the funds directly to the FTB. This can also be a major financial hardship for taxpayers, as it prevents them from accessing their own money.
The Franchise Tax Board has the legal right to issue wage garnishments and bank levies in order to collect unpaid taxes. If you receive an FTB legal order, it’s important to take action immediately and contact the FTB. Ignoring an FTB legal order will only make things worse—the FTB can take more aggressive collection actions, such as seizing assets or placing a lien on your property.
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