January 2018 Tax News

Tax News is designed to inform tax professionals about state income tax laws; our regulations, policies, and procedures; and events that affect the tax professional community.

• Cannabis industry update
  

  California legalized commercial cannabis activity this month for licensed cannabis businesses.

• Common audit issues
  

  Filing season is now underway. Here are a few common issues that you should be aware of and mistakes to avoid when filing tax returns.

• Customer service dashboard and extended hours

  Filing season is upon us and we want to remind you of a resource that you may find useful.

• New amended return process for tax years 2017 and beyond
  

  Includes e-file!

• Enhancements to the “stand-alone” electronic payment process
  

  New payment types available

• Delayed 1099G
  

  There may be situations where a timely filed tax return requires additional review and validation.

• California competes tax credit
  

  The California competes tax credit (CCTC) is an income or franchise tax credit available to businesses who want to come, stay, or grow in California.

• Principal business activity code – additional information
  

  Do you file a state income tax return and operate a business?

• Ask the Advocate
  

  A quick look back at 2017

• Chief Counsel Corner
  

  Taxpayer representation with respect to California Revenue and Taxation Code Section 25137

• MyFTB Corner
  

  MyFTB changes for tax professional – now live!

• MyFTB Corner
  

  View your client’s power of attorney and tax information authorization statuses on MyFTB

• MyFTB Corner
  

  Create your associates list to submit a POA on MyFTB

• All about business
  

  Extended due dates

• Inside FTB
  

  Website improvements

• Event calendar

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