Tax News
November 2011

Form 3500 Exemption Application and Booklet Revamped

In August 2011, we announced the redesign of Form 3500 Exempt Application and Booklet.  / more+

Schedule EO and Table 3

In August 2011, we announced that we proposed to add Table 3 Schedule K-1 (565), Partner’s Share of Cost of Goods Sold, Deductions, and Rental Income, and Pass-Through Entity Ownership EO (565), and Pass-Through Entity Ownership EO (568), to be completed by partnerships and limited liability companies beginning in taxable year 2011.  / more+

From IRS: What Employers Need to Know About Claiming the Small Business Health Care Tax Credit

Many small business employers that pay at least one-half of the premiums for employee health insurance coverage under a qualifying arrangement may be eligible for the small business health care tax credit.  / more+

Private Debt Collection

To assist our Collection Program, we contract with private collection agencies (PCA) to collect delinquent California tax debts that are not economical for our collectors to pursue.  / more+

Tax News Flashes

Flashed October 11:
FTB’s Specialized Tax Service Fees Change on October 26, 2011

On Wednesday, November 26, our specialized tax service fees change. These fees affect our installment agreement program and expedited services.  / more+

Flashed October 11:
e-file to Remain Open for Taxpayers Affected by Recent Disasters

California follows the IRS in extending e-file availability to November 31, 2011, for taxpayers affected by recent disasters.  / more+

Flashed October 18:
Our Website Changes November 1!

We asked you and you told us, through our website survey and usability testing.  / more+

Flashed October 24:
California's Voluntary Compliance Initiative 2 (VCI 2) Ends Monday, October 31

Taxpayers can still benefit from penalty waiver and protection from criminal prosecution on underreported tax liabilities from abusive tax avoidance transactions and offshore financial arrangements.  / more+

Ask the Advocate

CSEA Liasion Meeting

The California Society of Enrolled Agents (CSEA) held its annual liaison meeting with us on September 23, 2011.  / more+

Event Calendar

As part of education and outreach to our tax professional community, we participate in many different presentations and fairs. We provided this calendar to show the events we are attending.  / more+

EDR in the News

We are introducing our new Enterprise Data to Revenue (EDR) project news column.  / more+

Inside FTB

Take a look at the changes happening here at FTB.  / 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

Clarification of Net Operating Loss Suspended Carryover Periods

On September 23, 2011, Legal Ruling 2011-04 was issued to clarify the calculation of the remaining carryover periods when the deduction of a net operating loss (NOL) was suspended under California law for the 2002, 2003, and 2008 through 2011 taxable years.  / more+