Tax News
March 2009

Tax Credit for New Home Purchase

This tax credit is available for qualified buyers who purchase a new home… / more+

Delayed Tax Refunds Continue

Due to the state's persistent cash and budget problems, the State Controller had to delay refunds for personal income tax and business entity taxpayers. The State Controller announced on Thursday, February 19, 2009, that once the budget plan provides the needed cash in the treasury, his office will work around the clock to get delayed payments out the door. We have compiled several frequently asked questions about this delay to assist you and your clients… / more+

Interest on Delayed Payments

Although payments are being held, most taxpayers will not be entitled to interest unless the delay goes for several months. / more+

Estimated Payments Update

We recently sent estimated payment information as a Tax News Flash for our subscribers. We have addressed several of your questions and comments. / more+

Mailing Information Sent to Taxpayers

We sent out several mailings to the taxpayers; 1099-Gs, 1099-INTs, and marketing letters. / more+

Need W-2 Information?

Many companies are going out of business, and your clients may have difficulty getting their W-2 information. / more+

Small Business Fair Schedule

Our state and federal tax agencies collaborated to offer free small business seminars to assist with tax aspects of your business. / more+

Top 250 Delinquent Taxpayers

We mailed Notice of Public Disclosure of Tax Delinquency letters on February 18, 2009. We sent the letters to the top delinquent personal and business entity taxpayers with a tax delinquency over $100,000. We plan to publish this information on our public website beginning April 9, 2009. / more+

Coming Soon…Ask the Advocate

Send us your questions and concerns; I plan to address them in this column on a monthly basis. Stay Tuned. / more+

Inside FTB

  • CalFile Cross-Over
  • 540 2EZ Instructions Available in Spanish
  • Instructions for Form FTB 3582
  • No More Peel and Stick Labels / more+

Criminal Corner

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

Big Business

Disclosing Deferred Intercompany Stock Account (DISA) Balances

FTB issued Form 3726, Deferred Intercompany Stock Account (DISA) and Capital Gain Information to assist taxpayers in complying with their annual disclosure requirement. / more+