Tax News May 2020

• California’s conformity with Federal CARES Act

  We are currently analyzing and considering the impact of the Federal CARES Act on California taxpayers.

• Notice of Tax Return Change mailing delayed

  This is the time of year we usually remind you that our Notice of Tax Return Change - Revised Balance (FTB 5818-B) will start going out the last week of May.

• Modified collection actions, filing compliance and audit programs

  To assist taxpayers and tax professionals impacted by COVID-19 pandemic, we have made some temporary modifications.

• Resources for small business owners and your small business clients

  We would like to remind you of the many resources that are available to small business owners and your small business clients.

• Tips to keep your and your clients’ data secure

  As you change business practices in response to COVID-19, it is critical that you take the time to review your data security practices.

• IRS, Security Summit partners warn tax professionals on scams

  The IRS, state tax agencies, and the nation’s tax industry continue to see an upswing in data thefts from tax professionals as cybercriminals try to take advantage of COVID-19 and Economic Impact Payments to create new scams.

• IRS resources during COVID-19

  We have received questions from taxpayers about how to obtain information from the IRS during this difficult time.

• Ask the Advocate

  Working from home, but still here to help.

• All About Business

  Updated Gig Economy webpage

• Event Calendar

  As part of education and outreach to our tax professional community, we participate in many different presentations and fairs. We provide a calendar that shows the events we attend, as well as other events happening with us, such as interested party and board meetings.

Have a topic or tax question you’d like us to address? We want to hear from you! Submit your ideas to us: taxnews@ftb.ca.gov