Tax News
September 2011

Head of Household Audits

From July to December, we plan to mail approximately 135,000 audit letters to taxpayers to verify their Head of Household (HOH) filing status on their 2010 state tax return.  / more+

2011 State Income Tax Rate Schedules Adjusted

We released the 2011 state tax brackets.  / more+

Schedule CA (540), California Adjustments – Residents Real Estate Tax Deduction

We are in the process of updating the 2011 Schedule CA (540), California Adjustments - Residents  / more+

Development of FTB Strategic Plan for 2012-2016

With our current five year strategic plan ending December 2011, we began developing the next strategic plan to guide us over the next five years.  / more+

Mandatory Password Change for MyFTB Account

Federal regulations require annual changes to passwords used to access federal tax data.  / more+

Tax News Flashes

Flashed August 3, 2011:
California’s Voluntary Compliance Initiative 2 (VCI 2) has Begun

The filing period for amended returns and participation agreements started August 1 and will continue through October 31.  / more+

Flashed August 9, 2011:
Proposed Table 3 Schedule K-1 (565), Partner’s Share of Cost of Goods Sold, Deductions, and Rental Income

We are proposing to add Table 3, Partner’s Share of Cost of Goods Sold, Deductions, and Rental Income to Schedule K-1 (565).  / more+

Flashed August 9, 2011:
California Schedule EO (565/568) - Pass-Through Entity Ownership

Beginning with the 2011 taxable year, partnerships and limited liability companies (LLC) will use the proposed California Schedule EO, Pass-Through Entity Ownership.  / more+

Flashed on August 17, 2011:
CSEA-IRS Federal Representation Workshop 2011: The Basics of IRS Compliance Processes and Representation

All tax practitioners – this is your opportunity to learn the basics about IRS procedures regarding compliance processes and representation.  / more+

Flashed on August 29, 2011:
Resident, Nonresident, and Real Estate Withholding Form and Processing Changes Begin August 29, 2011.

The processing of resident, nonresident, and real estate withholding forms and payments will change to accommodate our new, automated withholding system.  / more+

Ask the Advocate

California Community Property Rules for Registered Domestic Partners and Same-Sex Married Couples

Last year, the IRS issued Chief Counsel Advice that requires each California registered domestic partner to report one-half of their community income on their individual federal tax returns filed after January 1, 2010.  / 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+

Criminal Corner

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

Big Business

Do We Dissolve, Surrender, or Cancel Our Business Entity?

We continue to receive inquiries from business owners about terminating their business and whether they need to dissolve, surrender, or cancel their business entity.  / more+