Form FTB4905 PIT Offer in Compromise Application Form - California

What Is Form FTB4905 PIT?

This is a legal form that was released by the California Franchise Tax Board - a government authority operating within California. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form FTB 4905 PIT?
A: Form FTB 4905 PIT is the Offer in Compromise Application Form used for individuals in California who are seeking to settle their tax debt with the Franchise Tax Board (FTB).

Q: What is an Offer in Compromise?
A: An Offer in Compromise is a program offered by the FTB that allows taxpayers to settle their tax debt for less than the full amount owed. It is based on the taxpayer's ability to pay.

Q: Who can use Form FTB 4905 PIT?
A: Form FTB 4905 PIT is specifically designed for individuals who owe personal income tax to the FTB in California.

Q: What information is required on Form FTB 4905 PIT?
A: The form requires detailed financial information, including income, expenses, assets, debts, and other financial obligations. It also requires supporting documentation to substantiate the taxpayer's financial situation.