December
2006Pilot project to study shorter processing timeline for docketed protests
Docketed protests are those that are assigned to a hearing officer in our
Legal Department. FTB recently issued Notice
2006-05, "Pilot project for one-year timeline in processing docketed administrative protests." Find out how your clients can participate in this new pilot project.
FTB director of e-filing bureau appointed to IRS committee
The Internal Revenue Service’s Electronic Tax
Administration Advisory Committee has a new member. Chris Beach,
director of FTB’s Filing Methods and Budget Bureau, will serve
for three years. He brings his considerable experience and expertise
to this forum on electronic tax administration issues, joining representatives
of the private sector, and other state revenue agencies.
Notice of public hearing: Taxpayers' Bill of Rights
The annual Taxpayers' Bill of Rights hearing will be held Monday, December
4, 2006, at State Board of Equalization, 450 N Street, Room 121, Sacramento,
CA 95814. For details, please read the notice,
found on our Website homepage at www.ftb.ca.gov,
under "Announcements."
Notice of public hearing: New apportionment methodology
FTB will hold a public hearing on December 18, 2006, at 9646 Butterfield
Way, California Town Center, Golden State Conference Rooms A and B, in
Sacramento, California on the use of alternative apportionment methodologies.
If you or your clients have business activities within and outside of
California, requiring you to determine the amount of income properly
attributed to California, you may want to participate in this discussion
on alternative apportionment methodologies.
Nonresident withholding requirements for S corporations
FTB will step-up enforcement of the S corporation withholding provision in 2007.
S corporations with nonresident S corporation shareholders need to inform these shareholders of their California filing requirements, and the options for fulfilling them.
FTB, focus group explore implications of SB 1827
This new law requires registered domestic partners to use the same state
tax filing status as married couples when they file in 2008. FTB is already
working with interested parties to deal with the issues raised by this
legislation, for affected taxpayers and tax professionals.
New forms Webpages
The Voluntary contributions fund Webpage, and the Draft
tax forms Webpage are now available on our main Website.
And, make sure you visit the Changes
to forms Webpage to stay up-to-the-minute on any tax forms changes.
How to streamline withholding order processing
When a business's mailroom routes employee earnings withholding orders to the tax department instead of payroll, it can cause confusion and delays. We offer a simple fix for this problem.
Criminal
Corner
Our monthly summary on bringing tax criminals to justice, and closing
the tax gap one case at a time.
The buzz on big business
Audit by sampling
Auditing corporation tax returns can be a very lengthy, time-consuming process. Using sampling, with the taxpayer's consent, is a great tool for efficiently addressing an audit issue, while minimizing intrusion in a taxpayer's business.
Corrections to November Tax News
Two articles in the November issue contained errors: "2006 Legislative wrap-up," and "California's new filing requirements for registered domestic partners." Make sure you read the corrections for these two articles.