Tax News
August 2009

Registered Warrants Can Pay Your State Income Tax Bill

We accept California registered warrants (IOUs) as payment of current and past due personal and corporate tax obligations. / more+

State's New Home Tax Credit Gone

We stopped accepting applications for the new home tax credit at midnight, Thursday, July 2, 2009. / more+

FTB Provides Guidance for California Treatment of the Revised Texas Franchise Tax

On July 20, 2009, we responded to the request for taxpayer guidance to determine the general eligibility for the Other State Tax Credit (OSTC) and the deductibility of the Revised Texas Franchise Tax (RTFT). / more+

Did You Know We Are Working Together?

We came together with the Board of Equalization, Employment Development Department, and the IRS in a cooperative partnership called the Joint Tax Agency Communications Committee. / more+

15th Annual Tax Practitioner/IRS Town Hall Meetings

In September, we will be working with the IRS and other state agencies at the 15th Annual Tax Practitioner/IRS Town Hall Meetings. / more+

Are You a Tax Professional Interested in Saving? Learn More About Doing Your Tax Stuff Online!

Register and attend one of our joint statewide workshops* to learn about the latest in e-services. / more+

Striking Gold in California

Striking Gold in California is an educational tool for small business owners that provide basic tax information from the Internal Revenue Service and the three California tax agencies, all in one place. / more+

Small Business

Converting a California LLC to a Corporation

Does your client want to convert their limited liability company (LLC) to an S-Corporation and continue to have the profits and losses flow through to its members? Did you know that you can convert an LLC into an S-corporation for tax purposes by making an election? / more+

Ask the Advocate

Systemic Issue Management System (SIMS) at Work

This month, I share the efforts we are taking by discussing an issue that was submitted to us and our response. / more+

Inside FTB

Tax Practitioner Hotline

Did you know that we have a call center dedicated to serving tax practitioners? / more+

Criminal Corner

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

Big Business

Disclosing Deferred Intercompany Stock Account (DISA) Balances

FTB issued Notice 2009-5 on July 17, 2009, to extend the due date until October 15, 2009, for taxpayers to file a completed FTB Form 3726, Deferred Intercompany Stack Account (DISA) and Capital Gains Information. / more+