4905 Form Ftb – Fill Out and Use This PDF

4905 Form Ftb PDF Details

The FTB 4905 PIT Offer in Compromise (OIC) program helps California residents resolve outstanding income tax debts when full repayment is not possible. The FTB evaluates each application based on the applicant's ability to pay, equity in assets, and current and future income and expenses.

To be eligible to apply, you must meet these basic requirements:

• All required California income tax returns must be filed and current.
• You must agree with the FTB on the total tax amount owed.
• You must not be in an active bankruptcy proceeding.
• Your proposed offer amount must represent the most the FTB can realistically collect.

The application package requires personal identification, income and employment details, a three-year income summary, a complete list of assets and liabilities, monthly household expenses, and your proposed offer amount with the planned source of funds. The FTB returns incomplete applications without review, so gather all documentation before submitting.

If an Offer in Compromise is not the right fit, California taxpayers may also consider filing an installment agreement request for a structured repayment plan. For other FTB-related filings, see FTB Form 3519 (extension payment) or FTB Form 3539.