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+

Assembly Bills

• AB 183 (Caballero) Principal Residence Credit (Stats. 2010, Ch. 10-12)- Legislative Change 10-04
• AB 347 (Bass) Charitable Contribution Deduction Haiti Earthquake (Stats. 2010, Ch. 10-08) – Legislative Change 10-03
• AB 658 (Hayashi,et al.) Voluntary Contribution Fund Designation/California Police Activities League Fund – Introduced 03/04/10
• AB 1700 (Gaines) Personal Exemption Credit For Dependents/Repeal Decrease In Credit January 1, 2010/Pit Rates/Repeal Temporary Increase January 1, 2010 – Introduced 02/01/10 & Amended 03/23/10
• AB 1936 (De Leon) Remove Net Operating Loss Carryback Provisions – Introduced 02/17/10
• AB 1973 (Swanson) Employer Hiring Credit/Ex-Offender – Introduced 02/17/10
• AB 1973 (Swanson) Employer Hiring Credit/Ex-Offender/Reentry Employment Business Tax Credit Act – Amended 04/05/10
• AB 2017 (Hall) California YMCA Youth and Government Fund – Introduced 02/17/10
• AB 2078 (Calderon) Use Tax/Retailers Engaged In Business In This State – Amended 04/05/10
• AB 2100 (Coto) Sweetened Beverage Tax Law – Introduced 02/18/10 & Amended 03/25/10
• AB 2126 (Garrick) Minimum Franchise Tax/Corporations That First Commence Business On Or After January 1, 2009, Exempt First Taxable Year And $100 Succeeding 9 Taxable Years – Introduced 02/18/10
• AB 2126 (Garrick, et al.) Minimum Franchise Tax/Corporations That First Commence Business On Or After January 1, 2009, Exempt First Taxable Year And $100 Succeeding 9 Taxable Years – Amended 04/05/10
• AB 2148 (Tran) Deduction For Physician’s Medical Services Contributed Free Of Charge To Local Community Clinic – Introduced 02/18/10
• AB 2458 (Saldana) Corporation Penalties – Introduced 02/19/10
• AB 2528 (Knight) Exclusion/Payments Or Vouchers From Federal Consumer Assistance To Recycle & Save Act Of 2009 (aka “Cash For Clunkers”) – Introduced 02/19/10
• AB 2564 (Swanson) State Budget/Tax Expenditures – Introduced 02/19/10 & Amended 03/25/10
• AB 2665 (Strickland) Service Station Emergency Standby Generator Credit – Introduced 02/19/10
• AB 2671 (Cook) Minimum Franchise Tax/Exempt Corporations Owned Solely By Deployed Member Of U.S. Armed Forces That Operate At A Loss Or Ceases Operation – Introduced 02/19/10
• AB 2676 (Ma) FTB Revise Income Tax Forms And Instructions To Continue To Enable A Person To Report & Pay Qualified Use Tax – Amended 04/06/10

Senate Bills

• SB 936 (Strickland) Income Exclusion for Energy Property Grants – Amended 03/08/10
• SB 1020 (Wolk, DeSaulnier, et al.) State Budget/Performance-Based Budget – Introduced 02/11/10
• SB 1036 (Cedillo/Huffman) FTB Disclosure Of Tax Return Information To Cities/Expands To Allow Disclosure By City Officials To Other Persons Designated By City Resolution – Introduced 02/12/10
• SB 1244 (Walters) LLC Employment Taxes and Contribution – Introduced 02/19/10 & Amended 04/05/10

Senate Special Session Bills

• SBX8 25 (Calderon/Correa) Mortgage Forgiveness Debt Relief Extension – Introduced 02/04/10