Tax News
March 2008

Technical Advice Memorandums available online

TAMs issued since 2000 are now online. And in case you’re wondering, a TAM is advice given by our Legal Division in response to specific questions from FTB staff, containing valuable information, and answers to questions you may have also. / more+

Answers to alimony questions

A useful primer on alimony – what alimony is and isn’t, reporting alimony income and taking an alimony payment deduction, whether Registered Domestic Partners are affected, and other alimony-related issues. / more+

FTB and CTEC join forces to ensure tax preparers are legit

If you prepare tax returns, and you’re not an enrolled agent, CPA, or attorney, you need to register with the California Tax Education Council (CTEC). FTB and CTEC are working together to find unregistered tax preparers, help them get on board with the program, and avoid the $2500 penalty for not being registered. / more+

FTB seeks tax returns from 750,000 nonfilers

After cross-referencing the more than 350 million income records we receive annually, we are "reaching out" to three-quarters of a million people who earned income but did not file a tax return last year. / more+

Eight new enterprise zones: Possible boost to California's economy

Governor Schwarzenegger announces new Enterprise Zones, noting their ability to energize local economies and ultimately, help build the state’s economy. / more+

The IRS offers free tax calendar

Small businesses and the self-employed can hardly afford to be without the IRS tax calendar. It offers tips and useful information on general business taxes, electronic filing and paying options, retirement plans, business publications and forms, common tax filing dates, and of course – so much more. / more+

Getting financially educated

End financial illiteracy! Refer you clients to our new Financial Literacy Website and help them answer some of their basic questions during the busy filing season. / more+

Inside FTB

  • Important information about the IRA deduction
  • Requesting filed returns? Take note of the new PO Box / more+

Criminal Corner

Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time. / more+