Tax News
 October 2008

Gearing up for LLC suspension

We are teaming with the Office of the Secretary of State on a tax gap initiative to implement a suspension/forfeiture process for Limited Liability Companies (LLCs). The initiative will bring LLCs into compliance for non-payment of taxes, penalties, or interest, and/or failure to file a return. / more+

New way to report fraud

We're adding an online method for reporting fraud to our existing hotline, mail, and fax options. It gives honest taxpayers a simple way to provide information at their convenience about the fraudulent activities of others. / more+

FTB follows federal postponement dates for hurricane victims

Taxpayers who live in the federally-declared disaster areas affected by Hurricane Gustav and Hurricane Ike will be granted special tax relief for their California income taxes. / more+

IRS helps small businesses, self-employed locate essential information

The IRS is offering two new products for small businesses and the self-employed. This release is the latest in a year-long campaign by the IRS to help individuals and small businesses understand their federal tax responsibilities. / more+

Clients in collection status? Some resources that can help

Many Californians are feeling the effects of the mortgage foreclosure situation, tightening credit, and the high cost of gas. These tough times may mean some of your clients are in collection status, and wondering what to do next. We offer a short list of resources for answers to some of their questions. / more+

Inside FTB

  • Package X discontinued
  • November interested parties meeting for 2009 California Schedule M-3 / more+

Criminal Corner

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