Tax News October 2021
- AB 466 Unclaimed Property Law
New Questions for Business Entities on 2021 Tax Return.
- Unclaimed Property Notice Reports
Businesses are required to submit an unclaimed property Notice Report to the State Controller’s Office (SCO) before November 1, 2021.
- Pass-Through Entity Elective Tax
The law is effective for taxable years beginning on or after January 1, 2021, and before January 1, 2026.
- C Corporation Extended Filing Date
The extended due date to file Form 100, California Corporation Franchise or Income Tax Return, is the 15th day of the 11th month of the C Corporation’s taxable year.
- Personal Income Tax Postponement to File Due Date
The postponement due date to file a 2020 tax year PIT return is October 15, 2021.
- Customer Service Dashboard Enhancement
FTB has made enhancements to our service channels within the Customer Service Dashboard as of September 25, 2021.
- Call Centers Receiving High-Call Volumes
Contact Centers and Self-Service Options.
- Friendly Reminder - New Tax Credits for Employers
Two new tax credits are coming soon! Both credits require taxpayers to get tentative credit reservations in specific timeframes.
Announcing the 2021 Tax Year Indexed Amounts for California Taxes.
- Ask the Advocate
It is with bitter-sweetness that we say goodbye to Chris Smith.
- 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 (virtually), 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: firstname.lastname@example.org