The Franchise Tax Board received protective claims payments in connection with the Tax Amnesty Program (February 1, 2005 through March 31, 2005). Taxpayers made payments to avoid post amnesty related penalties, and estimated amounts that may be owed in connection with ongoing or anticipated audits, protests, appeals, or settlements of additional tax liabilities.
The following charts detail protective claims by taxpayer group, claims status, and amounts paid by corporations:
| Group | Taxpayers | Amount (in billions) |
|---|---|---|
| Personal Income Tax | 228 | $ .1 |
| Corporations | 635 |
$3.5 |
| Total | 863 |
$3.6 |
| Open | Closed | Total | ||
|---|---|---|---|---|
| FTB | IRS** | |||
| Taxpayers | 41 | 96 | 726 | 863 |
| Refunds (in millions) | $375 | |||
| Dollar Range | Taxpayers | Amount (in billions) |
|---|---|---|
| More than $5 million | 114 | $3.0 |
| $1 - $5 million | 154 | $ .4 |
| Less than $1 million | 367 | $ .1 |
| Total | 635 | $3.5 |
**Currently under IRS examination and cannot be resolved until the federal adjustment is final.