Tax News FlashFebruary 2022 Tax News
FTB 763B – FTB Assigned Identification Number
Due to a system update to accommodate AB 85 (Stats. 2020, Ch. 8)[i], entities without a Secretary of State ID on file with the Franchise Tax Board (FTB), (even if they had an EIN on file), were issued a temporary FTB ID number. We issued FTB 763B to notify the entity of its assigned temporary FTB ID number. Approximately 295,000 computer generated notices have been sent since December 7, 2021.
If you received an FTB 763B and your non-registered partnership that is no longer doing business in California, contact us at 800-852-5711 to close your account.
If you received an FTB 763B and your non-registered partnership doing business in California, use the assigned temporary ID number on the notice to file a return and/or make payment to FTB.
If you have questions about registering your non-registered partnership, contact the California Secretary of State at 916-653-6814.
[i] AB 85 provides an exemption from the annual tax for LLCs, LPs and LLPs that organize, register, or file with the Secretary of State on or after January 1, 2021, and before January 1, 2024. ↵Return to place in article