Tax News November 2019

Current edition

• Market-based sourcing for independent contractors

  Under the market-based sourcing rules that went into effect January 1, 2013, a nonresident independent contractor's income is sourced to the location where the customer received the "benefit of the services."

• Legislative update

  Bills chaptered in the 2019-2020 session of the California State Legislature.

• New law will help California cannabis businesses

  Assembly Bill 37 eliminated California's conformity with Internal Revenue Code (IRC) Section 280E for licensed Personal Income Tax (PIT) cannabis businesses.

• Top 500 Delinquent Taxpayer List

  We updated our website with the current list of taxpayers owing the top 500 delinquencies of personal income tax  (released October 4, 2019) or the top 500 delinquencies of business entity tax (released September 13, 2019) in excess of $100,000.

• Guide to DBAs

  Naming a business is an important branding strategy for a person or entity involved in a for-profit trade or business in California.

• Exempt organization filing due dates

  Due dates and contact information.

• Interested Parties Meeting - Demand Penalty
  

  Attend the meeting and provide your input.

• New Minimum Essential Coverage Individual Mandate Stakeholder Meeting
  

  Franchise Tax Board and Covered California invite you to a stakeholder meeting to discuss the implementation of California’s new individual health care mandate.

• Ask the Advocate

  FTB gig economy board meeting

• All About Business

  California Group Nonresident Return (aka Composite Returns) - Part 2

• Event Calendar

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