FTB notice 2005-4: interest suspension on amended returns.

• Position: Franchise Tax Board - Brief Article

IRS Revenue Ruling 2005-4, released Jan. 7, 2005, held that the interest suspension period of Sec. 6404(g) applies to deficiency notices and self-assessed amounts shown on amended returns filed by the taxpayer.

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The FTB will follow IRS Rev. Ruling 2005-4 as applicable under California law, suspending interest on amounts reported on self-assessed amended returns that satisfy the following conditions of California Revenue and Taxation Code Sec. 19116:

* Taxpayer is an individual;

* Taxpayer filed a timely original return...