FTB updates Top 500 list - Spidell

FTB updates Top 500 list

The FTB has posted an updated list of its Top 500 Tax Delinquencies, which it is required by law to post twice each year. The list includes the 500 largest personal and corporate tax delinquencies in excess of $100,000. On October 21, FTB published its newest Top 500 Delinquent Taxpayers list, which includes individuals and businesses that collectively owe the state more than $169 million in income tax.

Since the list’s inception in October 2007, the FTB has collected more than $1.3 billion from delinquent taxpayers through the program.

Taxpayers on the list face the following consequences:

  • Some of the taxpayer’s professional or occupational license may be suspended;
  • The taxpayer’s driver license may be suspended;
  • State agencies will not enter into contracts with the taxpayer to acquire goods or services; and
  • The taxpayer’s name, address, and tax debt will be publicly available.

The list is available at: www.ftb.ca.gov/about-ftb/newsroom/top-500-past-due-balances/index.html