§ 19135
145 words·~1 min read·
/ca/revenue-and-taxation-code/19135A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The Franchise Tax Board shall impose a penalty of two thousand dollars ($2,000) per taxable year whenever an entity described in paragraph
(2)is doing business in this state, within the meaning of Section 23101, and fails to make and file a return as required by this part, within 60 days after the Franchise Tax Board sends the taxpayer a notice and demand to file the required tax return, unless the failure is due to reasonable cause and not willful neglect.
(A)A foreign corporation or a foreign limited liability company that fails to qualify to do business in this state or whose powers, rights, and privileges have been forfeited.
(B)A domestic corporation or a domestic limited liability company that has been suspended.
(b)The penalty shall be in addition to any other penalty that may be due under this part.