Tax News January 2022

• Tax News Flash

  Making Pass-Through Entity Elective Tax Payments before December 31, 2021

• CalSavers

  FTB partnered with the CalSavers Retirement Savings Board

• Health Care Mandate

  Health Care Mandate Subsidy Reconciliation for Tax Year 2021

• Signature Update

  Temporary waiver of original signature for paper returns and other documents has been extended from December 31, 2021 to June 30, 2022

• Real-time Identify Proofing and Enrollment

  Faster access to MyFTB accounts

• California Competes Grant Program

  Offers businesses grants that want to locate or stay and grow in California

• California Competes Tax Credit

  California Competes Tax Credit

• Enhancements to the e-file Program

  The e-file program will allow Individuals and Fiduciaries to submit “Superseded” returns electronically

• Homeless Hiring Tax Credit

  Get your Reservation!

• Self-Correct Return Outreach

  Select taxpayers who reported large Schedule C expenses will be sent self-correct letters

• Ask the Advocate

  Taxpayers’ Bill of Rights

• Tax News Survey - Follow Up

  We asked, and you responded!

• Event Calendar

  As part of education and outreach to our tax professional community, we participate in many different presentations and fairs. We provide a calendar that shows the events we attend, as well as other events happening with us, such as interested party and board meetings.

Have a topic or tax question you’d like us to address? We want to hear from you! Submit your ideas to us: taxnews@ftb.ca.gov