BlackletterCalifornia law

Revenue and Taxation Code § 12426

ARTICLE 3. Deficiency Assessments

Current as of September 28, 2026Rev. & Tax. Code, § 12426Official source ↗

Added by Stats. 1961, Ch. 740.

In making a deficiency assessment the board may offset an overpayment for one calendar year against an underpayment for another calendar year, against penalties and against any interest on an underpayment.