Tax News September 2021

• FTB Tax Auditor Recruitment

  We continue to hire at the FTB Tax Auditor level. Our next hiring will begin in September 2021.

• Golden State Stimulus II Payments

  The State of California is preparing to send the Golden State Stimulus II payment to those who qualify starting late August.

• FTB 3912 – Power of Attorney – Active Representatives on File Letter

  FTB is launching the new FTB 3912 Power of Attorney – Active Representatives on File letter.

• Pass-Through Entity Elective Tax

  The law is effective for taxable years beginning on or after January 1, 2021, and before January 1, 2026.

• AB 2503 Administrative Dissolution Program

  With the passage of legislation under AB 2503, beginning January 1, 2019, FTB established the Voluntary Administrative Dissolution Program.

• Estimated Tax Payments

  California Estimate Tax Payment Schedule differs from federal.

• S-Corporation Extended Due Date

  Please remind your clients of the S-Corporation extended due date to September 15, 2021.

• Moving out of State

  Do you have clients moving or working remotely from a new location? Update their address to avoid future headaches.

• New Tax Credits for Employers – Coming Soon

  Two new tax credits will be available for taxpayers in the next few months.

• Ask the Advocate

  Advisory Board Meeting 2021, with special guest IRS Commissioner, Charles R. Rettig.

• 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 (virtually), 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