This week we’re covering the FTB’s letter campaign regarding Schedule A and Schedule C deductions and what taxpayers should do if they receive one of these letters.
This week we’re covering the passthrough entity tax election and how to make the election on a superseding return, which the FTB defines somewhat differently than the IRS.
This week we’re discussing filing California’s Form 3840, which is filed when California property is exchanged for out-of-state property.
This week we’re covering how the filing and payment extension affects the June 15 prepayment deadline for the passthrough entity elective tax and the LLC gross receipts fee.
This week we’re covering nonresident sole proprietor income and California taxability, along with a recent OTA decision regarding an out-of-state accountant.
This week we’re talking about California’s new one-time penalty abatement program.
This week we’re covering some questions that we’ve been receiving from practitioners on the October 16 disaster postponement due to the California winter storms.
This week we’re discussing California conformity to the SECURE 2.0 Act.
This week we’re discussing things taxpayers should consider when they’re moving out of California and establishing residency in another state.
This week we’re covering voluntary and involuntary administrative dissolution procedures for unused entities.
This week we’re covering the FTB’s City and County tax information sharing program as it relates not only to home-based businesses, but to employees working remotely from home.