Tax News
November 2013

New 1031 Filing Requirements for California

There are new annual filing requirements for taxpayers who use Internal Revenue Code (IRC) Section 1031 to defer gain or loss when selling California property.  / more+

Tribal Leaders Interested Parties Meeting

On September 18, 2013, we held an interested parties meeting (IPM) to discuss issues relating to how we determine whether a tribal member is “living on" or "living off" his or her own tribe's reservation for purposes of California personal income tax.  / more+

Tax-Exempt Automatic Revocations

An organization that fails to file the required e-Postcard for three consecutive years will automatically lose its tax-exempt status.  / more+

Enterprise Zone Repeal Legislative Clean-up

Senate Bill 100 and Assembly Bill 106 signed into law on September 26, 2013, made some changes to the expiration of the Geographically Targeted Economic Development Areas (G-TEDAs).  / more+

Foreclosures and Mortgage Forgiveness Relief

If a lender forecloses on my principal residence or agrees to a short sale, will I owe tax on the deficiency?  / more+

Tax Practitioner Hotline Webinar: What To Do Before You Call FTB?

Join us as our presenter gives you helpful information about our Tax Practitioner Hotline:  / more+

Changes to POA Processing Procedures

Starting November 1, 2013, all Power of Attorney (POA), faxed and paper, will be worked on a first-come, first-serve basis to ensure we provide the best possible service for all our customers.  / more+

Ask the Advocate

CSEA Meeting Recap, Part II

On September 20, 2013, we held our annual liaison meeting with the California Society of Enrolled Agents (CSEA).  / more+

Event Calendar

As part of education and outreach to our tax professional community, we participate in many different presentations and fairs.  / 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

Police Embezzler Sentenced to 10 Years

According to the Santa Barbara Independent, Karen Flores admitted to stealing over $600,000 in parking citation fees.  / more+