Tax News
February 2015

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What’s New for Filing 2014 Tax Returns

See what’s new.  / more+

GO-Biz Interested Parties Meeting

On November 7, 2014, we issued FTB Notice 2014-02 to inform taxpayers of the procedures the department will use as guidelines to review the books and records of those taxpayers that are awarded a California Competes Tax Credit.  / more+

FTB 989 Updated

We recently revised our publication FTB 989, Understanding California Taxes.  / more+

No Change for Interest Rates

According to Revenue and Taxation Code Section 19521, we determined the adjusted interest rate as three percent for the period July 1, 2015, through December 31, 2015.  / more+

Time for Charitable Contributions or Credits

If your client made the gift or contribution in 2014 to a qualified organization, they may qualify for a tax deduction.  / more+

How You Can Ensure Availability of Real Estate Withholding Credits

Tax practitioners, do you want to ensure your clients receive their real estate withholding credit this tax season?  / more+

Withholding on Foreigners

Who is a foreign payee?  / more+

MyFTB Account Enhancements – Coming this Summer

We plan to launch the enhanced MyFTB in summer 2015.  / more+

Short Year, Fractional Month, California’s 15-Day Rule
What is it? How Does it Work?

For corporations, the original due date of a short-period tax return is the 15th day of the 3rd month after the close of the short-period tax year.  / more+

IRS Conformity

On December 19, 2014, the President signed the Tax Increase Prevention Act of 2014 (Public Law 113-295), which extends most of the expiring provisions through December 31, 2014.  / more+

Installment Agreement Tax News Live Video

Our Installment Agreement video is now available on our Tax News webpage.  / more+

Tax Day Help 2015

Get your tax questions answered!  / more+

Ask the Advocate

Drum Roll Please…

We are very pleased to announce…  / more+

Event Calendar

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

Inside FTB

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

All About Business

Corporate Shareholders and LLC Members Liability Upon the Dissolution of the Entity is the Same

Recently, we received questions from practitioners about our ability to transfer the liabilities of a limited liability company (LLC) to its members and whether or not the Ralite decision is applicable to LLCs. / more+

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