Why Panicking Over Notices from Tax Agencies Isn’t Necessary

There is something to be said about the power of ourthe next six months trying to prove why I need pens
imagination. It can come up with some amazing things,for my business. I didn’t have time to do that. I had
but also create some horror shows that Stephen Kinga business to run. I was going to be bankrupted…
would admire. This is particularly true when it comes toI was in a good lather by the time I got home. I walked
getting a notice from a tax agency in the mail.in the door giving off such bad vibes, my friendly dog
I live in California. This means my business anddid a u-turn and headed for the backyard. After some
individual taxes are controlled by the Franchise Taxliquid courage, I opened the letter and read closely.
Board. The “FTB” makes the IRS look likeGuess what? It was sort of good news. California
Mother Theresa. It is nasty agency that will spare nocharges incorporated businesses $800 a year for the
penny going making a taxpayer’s life utterly“privilege of doing business in California.”  I had
miserable. Given this reputation, you can imagine how Iapparently paid mine twice for some fiscal year, once
felt when I opened my post office box and found aat the beginning and once at the end. I was getting an
thick letter from the FTB among my bills and junk mail.$800 refund plus interest!
Oh, no.Suffice to say, I was not going to be audited, ruined or
The distance from the post office to my home isthrown into bankruptcy. Heck, I was even going to get
about 2 miles. Being California, there is a traffic lighta nice refund. The letter of death turned out to be no
every 10 feet or so. This gave me plenty of time toproblem at all. This is often the case, so don’t fret
consider what was in the letter. Why not open it? No, Ilike me when you get a notice in the mail. Open it up to
was going to need an adult beverage for this. It wassee what it is and avoid the nightmare scenarios your
probably an audit notice. I was probably going to spendimagination can come up with!