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mjalaal
New Member

If my business owe FTB something, would they hold funds from my state personal tax refund?

I filed both business ( LLC treated as S Corp) and personal tax, fidral refund issued and recieved, state refund issued but not recieved, so I just wondering if my business owe FTB something, would they hold funds from my state personal tax refund? 

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3 Replies

If my business owe FTB something, would they hold funds from my state personal tax refund?

You would have to ask your state.
robtm
Level 10

If my business owe FTB something, would they hold funds from my state personal tax refund?

Federal and State taxes are two separate things. They do not interact with each other. Owing federal taxes will not deduct from your state refund.

If my business owe FTB something, would they hold funds from my state personal tax refund?

In reply to the question:  The two are separate but can intercept refunds,  For instance if you owe the State of California they can intercept your Federal Refund and vice versus.  (California Government Code Sections 926.8 and 12419)

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