FTB Form 4107 – Fill Out and Use This PDF

FTB Form 4107 PDF Details

The FTB 4107 form, provided by the State of California Franchise Tax Board, plays a crucial role for taxpayers who are mandated to make electronic payments but seek to discontinue or request a waiver from this requirement. This necessity arises under specific conditions outlined by the California Revenue and Taxation Code Section 19011.5, effective January 1, 2009, stipulating electronic remittance of tax payments for individuals whose estimated tax or extension payment exceeds $20,000 or if their tax liability surpasses $80,000 for any taxable year after 2009. Failure to comply attracts penalties, though the form allows for discontinuation or waiver requests under certain criteria, including not meeting the financial thresholds in the previous year or having payments that do not reflect the actual tax liability. Additionally, individuals with permanent physical or mental impairments can request a permanent waiver, contingent on an accompanying physician affidavit detailing the impairment and its impact on the ability to use a computer. This comprehensive document not only outlines the procedure for filing a request but also emphasizes the necessity of maintaining compliance with electronic payment mandates while providing avenues for exemptions based on individual circumstances.