This week, we’re taking a break from tax and looking at some of the more interesting bills that were signed into law this year.
This week, we’re talking about the difficulties of proving reasonable cause for penalty abatement: what does and does not constitute reasonable cause, and federal and California differences regarding penalty abatement.
This week, we review extensions, penalties, and how federal and state penalties work together.
This week, we're looking at business asset protection avenues such as insurance and entity selection, and key strategies that should be part of a business asset protection plan.
This is the second of a two-part series on the Ralite case. Last week, we talked about how shareholders and LLC members can escape liability for the debts of their upside-down businesses. This week, we’re going to cover the steps you can take if your client qualifies for Ralite treatment.
This week we have some information to share with you on pending legislation regarding COD conformity and two sales tax exemptions.
This is the first in a two-part series on the Ralite case. This week we cover how shareholders and LLC members may be able to escape liability for the debts of their upside-down businesses. Next week, we’ll cover steps to take if your client qualifies for Ralite treatment.
This week we’re covering solar panels and related property tax issues.
This week we’re talking about what’s required when the IRS makes changes to a taxpayer’s return, and how the statute of limitations applies.
This week, we’re looking at the tax treatment of Medicaid waiver payments and some issues that could affect taxpayers and practitioners, plus California conformity.
This week we’re covering the new filing deadlines that are in effect, along with some pending legislation that would conform California to those changes.
Last year, legislation passed that makes it easier for taxpayers affected by disasters to make a throwback election. See how this works, especially in light of the recent Erskine, Sand, and Soberanes fires.
This week, we have some information on head of household audits, and some issue with the new form the FTB is using – specifically, we look at how the new form handles full-time students and disabled children.
Lynn Freer talks about why the FTB may take $800 from an LLC’s final refund and how to avoid this happening.
California allows taxpayers to make voluntary contributions on their state income tax return to certain funds approved by the Legislature. See what happens when you make a contribution via the tax return, as compared to contributing directly to the organization.
We track a large number of bills that contain tax provisions, and some contain crucial changes like COD conformity, while others contain provisions that are on the more curious side. This week, we’re looking at a few of the more interesting bills that are on the table this legislative season.
This week, we’re covering the “California method” of taxing the California-source income of nonresidents, which is not a straightforward application of tax rate. It’s also something that taxpayers frequently (and unsuccessfully) argue against in tax appeals.
California taxes residents on income from all sources, but what exactly constitutes a resident? It’s not as cut and dried as you’d think!
The FTB sent out withholding mismatch notices to certain taxpayers, and we have some more information on how to deal with those notices and how FTB is handling the mismatch problem.
An update on the 10-day hold on client accounts in MyFTB, plus information for you regarding some changes to the MyFTB login process and an update to the FTB’s business revivor webpage.
In honor of Memorial Day, we’re covering the special rules that apply to income earned by military spouses (specifically, when their earned income is exempt from California tax).
This week we have some information for you regarding a possible change to the way you access your clients in MyFTB – the FTB is proposing a delay in accessing newly added client information to help protect taxpayers from identity theft.
This week’s podcast covers using transfer on death deeds, and what the advantages and disadvantages are of using this method of transferring a deed.
This week's podcast covers how to deal with identity theft for California tax return filing purposes — specifically, what you should file with the FTB and how you file for subsequent tax years.
We have some updated information for you regarding the post-tax season issues that we talked about last week — specifically, extra information on taxpayers affected by the withholding mismatch and a potential identity theft issue.