Delay for California Tax Refunds

This week, the California FTB posted FAQs about the 30-day delay for all refunds (please see our post from Jan 16 for more details on that announcement at http://ty-llp.blogspot.com/2009/01/california-delays-payments-for-tax.html) FAQs include:

• Should I wait to file my return?
• Is it possible that I will be issued an IOU?
• Am I entitled to receive interest because of the delay?

The FAQs are available at: http://www.ftb.ca.gov/refund_delay_2008.shtml