The California Franchise Tax Board (FTB) recently released an update on the California home buyers’ tax credit alerting borrowers to fax delays it is experiencing. Due to the high volume of faxes, borrowers may experience delays or difficulties in connecting to the fax number during the FTB’s normal business hours. It may take several minutes or possibly up to an hour to connect and transmit the faxed application. All applications for the California home buyers tax credit must be submitted via fax.
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