Tax News
October 2011

Disaster Relief for Irene Victims

In the wake of Hurricane Irene, the President declared disaster areas in a number of counties on the East Coast as a result of damage caused by the storm.   / more+

Cancellation of Debt Review by Audit

In our February 2011 Tax News edition, we announced an effort to assess public compliance with the reporting of Cancellation of Debt Income (COD Income).  / more+

IRS Provides Additional Community Property Information for Same-Sex Spouses and Registered Domestic Partners

IRS recently provided additional information on its website in a question and answer format to individuals who are subject to their state's community property laws. / more+

Series LLC in California

Although California law does not allow for a series limited liability company (LLC) to be formed in California, it does recognize them.  / more+

FTB Board Meets

On September 8, 2011, the Franchise Tax Board held its previously scheduled board meeting.  / more+

Tax News Flashes

Flashed September 29:
Business Entity Live Chat Coming to You September 30

We are pleased to announce that starting September 30, we are expanding our Live Chat service to general business entities questions.  / more+

Ask the Advocate

Annual Advisory Board Summary

Each year, our executive officer convenes one or more meetings of her advisory board to discuss issues relating to how we administers policies, procedures, and interpretation of California income tax laws. / 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+

Inside FTB

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

EDR in the News

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

It is a Tax Shelter if...

Determining whether you were involved in a transaction that fits the definition of an Abusive Tax Avoidance Transaction (ATAT) is more important now than ever, as time is running out to participate in California's Voluntary Compliance Initiative 2 (VCI 2).  / more+