Tax News
April 2007

No change to adjusted interest rate for July-December 2007

The new adjusted interest rate for the period July 1, 2007, to December 31, 2007, is eight percent, the same rate that is in effect for January 1 through June 30, 2007. / more+

State grants tax relief to victims of the 2007 California freeze

The President declared the California freeze a major disaster on March 13, 2007. Twelve counties are designated federal disaster areas, and qualify for special tax relief. / more+

How to make e-filing even easier - pay balances due electronically

Your clients who e-file can arrange to pay their tax at the same time. Instead of mailing a paper check, they can use Electronic Funds Withdrawal, which can be authorized at the time they e-file, and scheduled for payment on April 17. / more+

Individual, business e-file show strong gains in 2007

With just a few days left before April 17, business e-file is up 271 percent compared to the same period in 2006. Individual e-file continues its steady climb, with 76 percent of returns filed electronically. / more+

W-2 and 1099 filing requirements

Reviewing Forms W-2 and 1099 to support business expense deductions is part of our audit strategy to shrink the tax gap. / more+

Registered domestic partner (RDP) news

An issue paper recently posted to the RDP Website discusses various alternatives for calculating adjusted gross income (AGI) for limitation purposes. / more+

Last chance to participate in FTB's online services survey

We need your input on a couple of issues of importance to you: online access to more of the account information we maintain for you or your clients, and allowing commercial software companies to provide an "import" feature as part of their tax preparation product. Let us know what you think - take our quick, online survey. / more+

Filing facts

Return processing and customer service statistics for 2006. / more+

First days in the life of a tax return

What happens to tax returns and payments after they enter our doors? Here's a short description of some of the stops along the way as we process the millions of returns and checks we receive year. / more+

Inside FTB

  • Franchise Tax Board meeting, April 4, 2007
  • Where to find last minute forms, filing information
  • Thinking of incorporating in Nevada? Read this first / more+

Criminal Corner

Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time. / more+

The buzz on big business

Audit 2015

The personal income tax gap has gotten lots of coverage - here are some of our strategies for closing the tax gap on the corporate side. / more+