Tax News October 2019

Current edition

• How to file a Partnership Technical Termination Election

  AB 91 conforms to certain changes to federal income tax law under the Tax Cuts and Jobs Act (TCJA). AB 91 also added California Revenue and Taxation Code (R&TC) Section 17859 which conformed to the TCJA's repeal of the technical termination rules for a partnership.

• How to make an election regarding Small Business Method of Accounting

  AB 91 provides some conformity to federal Tax Cuts and Jobs Act of 2017, including conformity to certain amendments to the federal Small Business Method of Accounting provisions.

• Innocent spouse (joint filer)

  Learn more about our Innocent Spouse Program.

• California Health Care Mandate

  New state individual health care mandate that requires individuals to maintain health insurance.

• Form 540NR Short Eliminated for 2019 Taxable Year

  Effective with the 2019 taxable year, we eliminated Form 540NR Short.

• What’s new for HOH for the 2019 tax year?

  HOH return processing changes beginning with tax year 2019 returns processed in 2020.

• Reminder: update your client’s address
  

  Remind your clients to make sure that we have their most current address.

• Notices of Proposed Dissolution mailed to Nonprofit Corporations
  

  We recently sent more than 8,500 proposed dissolution notices to certain nonprofit corporations.

• Ask the Advocate

  The filing season is coming to an end.

• MyFTB Corner

  File a Nonresident Withholding Waiver Request.

• MyFTB Corner

  Manage active Power of Attorney (POA) declarations.

• MyFTB Corner

  How to locate “MyFTB How-To Guides.”

• All About Business

  More about the LLC fee.

• 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