MyFTB accountConformity hearing and input January 2019 Tax News
The federal Tax Cuts and Jobs Act (TCJA) has been on everyone’s mind, including whether California will conform to various federal provisions. Many of our stakeholders wanted to provide comments to us about this, so in late November we held a public two-part conformity meeting, with the morning session devoted to discuss business changes and the afternoon for personal income tax issues. A big thank you to all of those who participated.
We have videos of both sessions available: Business and Individual; and a Summary of Federal Income Tax Changes (SOFITC) that may also be helpful in understanding the myriad changes coming.