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Recent news

• FTB extends filing deadline for taxpayers impacted by 2022-23 winter storms to Oct. 16, 2023
  March 2, 2023 Tax News FlashUpdated March 10, 2023

  The IRS announced tax relief for Californians affected by these winter storms. Taxpayers affected by these storms qualify for an extension to October 16, 2023, to file individual and business tax returns and make certain tax payments.

• Establishing and renewing TIA and POA relationships
  February 21, 2023 Tax News Flash

  Protecting the privacy and security of data entrusted to us is one of our paramount foundational principles. As we commence the 2023 filing season, we encourage our tax professional partners to prudently establish or renew their Tax Information Authorization (TIA) or Power of Attorney (POA) relationships with their clients.

• Web Pay alternatives
  February 3, 2023 Tax News Flash

  It has come to our attention some recently registered business entities may not be able to use the FTB Web Pay application. We are diligently working to resolve the issue to ensure all business entities may use the Web Pay application.

• Franchise Tax Board 2023 tax season begins
  January 31, 2023

  Sacramento – Franchise Tax Board (FTB) kicked off the 2023 tax filing season this month. With the start of the new tax season, FTB is offering Californians tips on avoiding scams, claiming valuable cash-back tax credits, filing a return for free, and calculating state tax deductions for losses incurred from natural disasters.

• Governor Newsom announces tax relief for Californians impacted by storms
  January 13, 2023

  Sacramento – Californians impacted by winter storms are now eligible to claim a deduction for a disaster loss and will have more time to file their taxes.

• October 17 tax filing deadline approaching
  October 11, 2022 Tax News Flash

  Sacramento – The Franchise Tax Board (FTB) today reminded taxpayers that Monday, October 17, 2022, is the deadline for filing 2021 state personal income tax returns to avoid late filing penalty.

• California grants tax relief for Hurricane Ian victims
  October 10, 2022 Tax News Flash

  Sacramento – The Franchise Tax Board (FTB) today announced special state tax relief for taxpayers and businesses affected by Hurricane Ian.

• FTB issues legal ruling on sourcing of gain from sale of IRC Section 751 assets
  July 20, 2022 Tax News Flash

  On July 14, 2022, Franchise Tax Board (FTB) issued Legal Ruling 2022-02 relating to California sourcing rules when a nonresident individual partner disposes of a partnership interest in a partnership that holds unrealized receivables or inventory (commonly referred to as "hot assets").

• Filing deadline extended for class action settlement claims
  July 18, 2022 Tax News Flash

  The deadline has been extended to August 19, 2022, for affected LLCs to file claims pursuant to the class action settlement announced in FTB Notice 2022-02.

• FTB LLC Fee Class Action Settlement
  May 9, 2022 Tax News Flash

  On Friday, May 6, 2022, the Franchise Tax Board issued Notice 2022-02 to inform limited liability companies (LLCs) and the public that the San Francisco County Superior Court has granted preliminary approval of a proposed class action settlement for the Franchise Tax Board Limited Liability Corporation Tax Refund Cases. (The Settlement)

• State Controller Betty T. Yee Available for Tax Day Interviews
  April 12, 2022 Media Advisory

  State Controller and Franchise Tax Board (FTB) Chair Betty T. Yee will be available for interviews about this season’s state tax trends from 9:00 a.m. to 11:00 a.m. on Monday, April 18, 2022, at the Franchise Tax Board in Sacramento.

• FTB issues Legal Ruling on California's Market-Based Rules
  April 11, 2022 Tax News Flash

  On March 25, 2022, the Franchise Tax Board issued Legal Ruling 2022-01 relating to the application of California's market-based rules in Revenue and Taxation Code (R&TC) section 25136 and California Code of Regulations, title 18, section (Regulation) 25136-2.

• Last minute tax tips: What you need to know
  Aprill 11, 2022 News Release

  The Franchise Tax Board (FTB) today offered key tips for California taxpayers before the April 18 filing deadline.

• Pass-Through Entity Elective Tax could trigger mandatory e-pay requirement
  April 6, 2022 Tax News Flash

  S corporations and limited liability companies classified as S corporations whose total tax liability, including any Assembly Bill 150 pass-through entity elective tax, exceeds $80,000 are required to make all future payments electronically.

• SOS “Dark” Period in March / April 2022
  March 29, 2022 Tax News Flash

  The California Secretary of State (SOS) is implementing the next phase of their ongoing California Business Connect Project on April 7, 2022.

• EITC Qualification Expanded/Credit Code 242 PTE Elect
  March 11, 2022 Tax News Flash

  Married/Registered Domestic Partner (RDP) Filing Separate no longer automatically disqualifies the taxpayer from being eligible for the California Earned Income Tax Credit (EITC)

• Capital Account Reporting
  March 9, 2022 Tax News Flash

  Starting in taxable year 2022, and all subsequent years, partnerships and limited liability companies taxed as partnerships will be required to use the California tax basis amounts in the "Capital Account Analysis" on Schedule K-1 (565) and Schedule K-1 (568).

• Estimated Tax Penalty Relief for Farmers and Fishermen
  March 7, 2022 Tax News Flash

  We are aware that farmers and fishermen, as defined in Internal Revenue Code section 6654(i)(2)(A) for purposes of estimated taxes, according to IR-2022-49 have had issues with filing their 2021 tax returns and paying the tax by the March 1, 2022, due date for those taxpayers who did not make an estimated tax payment by January 18, 2022. As a result of these issues, the Franchise Tax Board will waive the underpayment of estimated tax penalty if qualifying farmers and fishermen file and pay their 2021 taxes by April 18, 2022.

• Entity ID Number to use for Electronic Payment Methods
  March 3, 2022 Tax News Flash

  There are two separate Franchise Tax Board electronic payment methods. The electronic payment method an entity chooses will determine which Entity ID number should be used. Using the proper Entity ID number, helps us ensure payments are posted properly to the correct entity.

• Revision to 2021 Form 3893, Pass-Through Entity Elective Tax Payment Voucher
  February 25, 2022 Tax News Flash

  Due to California SB 113, we are revising tax forms, schedules, a publication, and booklets.

• Real-time Identify and Proofing Enrollment now available
  February 07, 2022 Tax News Flash

  We have completed the Real-time Identify and Proofing Enrollment process to expedite access to MyFTB accounts. You can now register for MyFTB without waiting for a Personal Identification Number (PIN) letter sent by mail.

• Beware of scams as new tax season begins
  January 12, 2022 News Release

  With a new tax season under way, the Franchise Tax Board (FTB) reminds taxpayers to take steps to protect themselves from scam artists seeking to steal refunds and identities.

• FTB notice 763B – FTB assigned identification number
  January 03, 2021 Tax News Flash

  Due to a system update to accommodate AB 85, entities without a Secretary of State ID on file with the Franchise Tax Board (FTB), (even if they had an EIN on file), were issued a temporary FTB ID number.

• Franchise Tax Board hero receives state’s highest honor for public servants
  December 24, 2021 News Release

  The State of California awarded Franchise Tax Board (FTB) Health and Safety Coordinator, Richard Siemers, with a Governor’s State Employee Medal of Valor for courage in the face of danger.

• Making Pass-Through Entity elective tax payments
  December 17, 2021 Tax News Flash

  The Pass-Through Entity elective tax payment can be made using Web Pay.

• October 15 tax deadline approaching to file and claim the Golden State Stimulus
  October 08, 2021 News Release

  The Franchise Tax Board (FTB) today reminded taxpayers that Friday, October 15, is the deadline for filing 2020 state personal income tax returns to avoid late-filing penalties, and to be eligible for Golden State Stimulus (GSS) payments.

• Tax relief for californians affected by wildfires
  September 09, 2021 News Release

  The Franchise Tax Board (FTB) today announced tax filing relief for Californians affected by wildfires.

• Taxpayers with income from unemployment or in-Home support can benefit from recent changes
  May 14, 2021 News Release

  The Franchise Tax Board (FTB) today highlighted recent developments that expand Californians’ eligibility for the California Earned Income Tax Credit (CalEITC).

• State issues 2.5 million Golden State Stimulus payments
  May 06, 2021 News Release

  The Franchise Tax Board (FTB) today announced 2.5 million Golden State Stimulus (GSS) payments worth $1.6 billion have been issued to eligible taxpayers.

• May 17 tax deadline approaching
  May 05, 2021 News Release

  With Tax Day approaching, the Franchise Tax Board (FTB) today offered last-minute tips to help Californians as they prepare their taxes before the May 17 filing and payment deadline.

• State postpones deadline for claiming 2016 tax refunds to May 17, 2021
  April 26, 2021 News Release

  State Controller and Franchise Tax Board (FTB) Chair Betty T. Yee today announced an extension to May 17, 2021, for individual California taxpayers to claim a refund for tax year 2016.

• Impacts of recent Federal changes
  March 30, 2021 News

  The Franchise Tax Board is currently reviewing the overall impacts of the recent federal legislation as it relates to California income tax filing.

• State tax deadline for individuals postponed until May 17, 2021
  March 19, 2021 News Release

  The Franchise Tax Board (FTB) today announced consistent with the Internal Revenue Service, it has postponed the state tax filing and payment deadline for individual taxpayers to May 17, 2021.

• State suspends certain debt collection activities
  February 22, 2021 News Release

  The Franchise Tax Board (FTB) today announced a suspension of its income tax refund offset program until July 31, 2021.

• What you need to know this tax filing season
  January 06, 2021 News Release

  Tax season kicks off this week at the Franchise Tax Board (FTB).

• Additional tax relief for California taxpayers affected by September wildfires
  November 05, 2020 News Release

  The Franchise Tax Board (FTB) today announced additional tax filing relief for Californians affected by the September wildfires.

• October 15 tax deadline approaching
  October 09, 2020 News Release

  The Franchise Tax Board (FTB) today reminded taxpayers that Thursday, October 15, is the deadline for filing 2019 state personal income tax returns to avoid penalties.

• California taxpayers affected by september wildfires granted extension to file and pay
  October 07, 2020 News Release

  The Franchise Tax Board (FTB) today announced special tax filing relief for Californians affected by wildfires.

• California taxpayers affected by wildfires granted extension to file 2019 returns
  August 28, 2020 News Release

  The Franchise Tax Board (FTB) today announced special tax filing relief for Californians affected by wildfires.

• State’s Top 500 Tax Delinquencies total $151 million
  July 16, 2020 News Release

  The Franchise Tax Board (FTB) published its newest Top 500 Delinquent Taxpayers list.

• April 15 tax day postponed until July 15, 2020
  April 06, 2020 News Release

  Due to the COVID-19 pandemic, FTB’s Tax Day’s media availability has been postponed from April 15 until Wednesday, July 15, 2020.

• State postpones deadlines for filing tax protests, appeals, and refund claims due to COVID-19
  March 30, 2020 News Release

  State Controller and Franchise Tax Board (FTB) Chair Betty T. Yee today announced an extension of time until July 15, 2020, for California taxpayers to complete certain time sensitive acts pertaining to state taxes due to the COVID-19 pandemic.

• More time to file, pay for California taxpayers affected by the COVID-19 pandemic
  March 13, 2020 News Release

  The Franchise Tax Board (FTB) today announced special tax relief for California taxpayers affected by the COVID-19 pandemic. Affected taxpayers are granted an extension to file 2019 California tax returns and make certain payments to June 15, 2020, for all tax filings and payments due between March 15, 2020, through June 15, 2020.

• Information reporting requirements - technical stakeholder's meeting
  February 26, 2020 Article

  We are hosting a technical stakeholder’s meeting at Franchise Tax Board to discuss the electronic reporting requirements related to the Minimum Essential Coverage Individual Mandate, also known as the Health Care Mandate.

• California tax filing season news
  January 30, 2020 News Release

  Tax season is in full swing at the Franchise Tax Board (FTB).

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