EXCISE TAX REFUND
Tax Updates for April 2010
FTB Conforms to IRC Section 409A
On January 19, 2010, the Internal Revenue Service (IRS) released Notice 2010-6. It allows taxpayers to correct certain operational failures of nonqualified deferred compensation plans in order to comply with IRC Section 409A. / more+
FTB at a Glance Revised and Online
Need a quick overview of our programs, resources, and processing statistics? / more+
Tax Delinquency Letters Mailed
We mailed the Notice of Public Disclosure of Tax Delinquency letters on February 19, 2010. / more+
Fraudulent W-2s
Every year, tax professionals are faced with what to do when presented with documents they think may not be legitimate, of particular concern, fraudulent W-2s. / more+
California Winter Storm Victims Get State Tax Relief
On March 1, 2010, the President declared several counties a major disaster. / more+
California Combined Reports Missing Information
It has come to our attention that numerous combined reports are being filed with missing or incomplete information. / more+
Haiti Donations Are Immediately Tax-Deductible
We announced that a new state law allows taxpayers to immediately deduct their donations made to provide relief for the January 12 Haitian earthquake victims. / more+
Unclaimed Earned Income Tax Credit
Do your clients know someone who qualifies for the Earned Income Tax Credit (EITC)? / more+
Paying Electronically Saves Time
We all know that going paperless saves time, hassle, and trees. Paying electronically means your client doesn’t have to spend time writing and mailing a check. It also ensures that their payment is quickly applied to their account. We encourage them to use one of the many options we offer for electronic payments. But which is right for them? / more+
IRS Nationwide Tax Forums Registration Available!
Join tax professionals from across the country for three days of the latest tax law information, hands-on workshops, networking opportunities, and exhibits of the latest tax products and financial services to improve your business. / more+
Information for Charities and Nonprofits, Exempt Organizations
We recently updated our Charities and Nonprofits (Exempt Organizations) webpage. / more+
Statute of Limitations on Collection Actions
For many years, no statute of limitations existed on the collection of an income or franchise tax delinquency. Beginning in 2006, a statute of limitations on our collection actions went into effect. / more+
Small Business
Dissolving an Entity
Does your client plan to dissolve, surrender, or cancel business operations in California? / more+
Ask the Advocate
Provisional Assessments
We have received questions regarding our practice of issuing provisional assessments. This article is a brief explanation of the process and the authority to make such adjustments. / more+
Inside FTB
Take a look at the changes happening here at FTB. / more+
Criminal Corner
Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time. / more+
Systemic Issue Update
Sharing our efforts, progress, and changes we have made from your comments and suggestions submitted through the Systemic Issue Management System. / more+
Big Business
S Corporations – New Withholding Rule for the 2009 Form 100S
Beginning tax year 2009, S corporations may claim withhold at source on their S corporation return, but not in excess of their tax liability. / more+
Tags: april 2010, Tax News, tax updates