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California Lifts Hold on Income Tax Refunds

By
Services for Real Estate Pros with Exeter 1031 Exchange Services, LLC President & CEO

The State of California previously placed a 30 day hold on all income tax refunds with the possibility of the hold being extended if certain financial requirements were not achieved.

The California Franchise Tax Board (FTB) lifted the income tax refund suspension on March 6, 2009, and the Franchise Tax Board is working with the State of California Controller's Office to issue FTB income tax refunds as quickly as possible.

California taxpayers can check the status of their California income tax refund on the California Franchise Tax board website at:  http://www.ftb.ca.gov/online/refund/index.asp.

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