By Mark Glover
Published: Friday, Jun. 20, 2014 – 11:51 am
The state Franchise Tax Board said it is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns.
Of those, more than 800 businesses are in Sacramento County, 375 in Placer County, 118 in El Dorado and 77 in Yolo County.
The FTB annually reviews more than 5 million income records received from federal Internal Revenue Service, the state Employment Development Department, the state Board of Equalization, financial institutions and other businesses. FTB matches this information against its tax records to identify businesses that did not file returns.
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