Tax News
February 2013

What’s New for Filing 2012 Tax Returns

Tax rate increase, standard deductions, Personal deductions…  / more+

Penalty and Notice Information for Withholding Agents of Real Estate, Nonresident and Backup Withholding

Over the last few years, we reached out to educate withholding agents on their obligations and the penalties that apply if they don’t meet those obligations.  / more+

Withholding Form Changes and Updates

We made changes to the following forms for 2013  / more+

Where to Send Clients’ "State Copy" of an Information Return?

It is that time of the year when your clients will be sending paper information returns, such as W-2s to employees and 1099s to other payees.  / more+

MyFTB Account Registration

Simplify your life… get free, secure, online access to your client’s most important California state tax information 24 hours a day, seven days a week.  / more+

Mortgage Forgiveness Debt Relief Update

For federal tax purposes, mortgage forgiveness debt relief on principal residences has been extended until December 31, 2013, under the federal American Taxpayer Relief Act of 2012, approved on January 2, 2013.  / more+

FTB Audit Issues - Continued

We continue our series of articles from last month's issues for both individual and business entity taxpayers. This month, we focus on common issues that impact pass-through entities. / more+

Tax News Interviews the New FTB Chief Counsel, Jozel Brunett

Tell us about the path that led you to this new role as Chief Counsel.  / more+

Tax Professionals Website Survey Results

In October 2012, over 1200 tax professionals participated in a survey to help us improve our website to better serve your needs.  / more+

Ask the Advocate

Identity Theft Resolution

Question:  I electronically filed my client’s return only to find it’s rejected because another return using the same social security number has already been filed for that tax year. Now what?  / more+

Event Calendar

As part of education and outreach to our tax professional community, we participate in many different presentations and fairs. We now provide a combined-calendar to show the events we are attending as well as other events happening with us such as interested party and board meetings.  / more+

EDR in the News

See what’s new with our new Enterprise Data to Revenue (EDR) project. / more+

Inside FTB

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

Criminal Corner

Read about our efforts to bring tax criminals to justice, and to close the tax gap one case at a time. / more+

Big Business

More on the Implementation of Cutler v. Franchise Tax Board - What Happened to California's Qualified Small Business Stock?

In Cutler v. Franchise Tax Board, a California appeals court decided California's Qualified Small Business Stock (QSBS) provisions unconstitutional and invalid. / more+