Tax News
October 2009

Coming Soon – Resident, Nonresident, and Real Estate Withholding Form and Processing Changes Begin in 2010

Effective January 1, 2010, we will be implementing changes for withholding forms and payments. / more+

Adjusted Interest Rate for January 2010 to June 2010

Pursuant to Revenue and Taxation Code Section (R&TC) 19521 (formerly 19269), the adjusted interest rate has been determined for the period January 1, 2010, through June 30, 2010. / more+

Thousands of Businesses Need to File State Tax Returns

On September 14, 2009, we began contacting more than 35,000 companies that did business in California in 2007, but failed to file a state tax return for that year. / more+

Form 540 Gets a Mini-Makeover

Each year our forms section revises the previous year forms and publications to reflect the new tax year, new information, and law changes. / more+

IRS Tax Calendar

The Tax Calendar for Small Businesses and Self-Employed is now available. / more+

It's Official! California Backup Withholding Begins January 1, 2010

Beginning January 1, 2010, with certain limited exceptions, payers that are required to withhold and remit backup withholding to the Internal Revenue Service (IRS) are also required to withhold and remit seven percent of the payment to FTB. / more+

Small Business

What Does Conformity Mean to the Small Business Owner?

California conformity to federal tax law is an area of interest for California taxpayers and small business owners. / more+

Ask the Advocate

Indexing Tables

I have received a number of questions through our Systemic Issue Management System on indexing since California released its indexing tables in August. / more+

Inside FTB

In our public outreach efforts, we offer different forums for CPAs, enrolled agents, attorneys, corporate tax personnel, and all other tax professionals to have the opportunity to discuss cutting-edge tax topics, provide input, while earning Continuing Professional Education credits. / more+

Criminal Corner

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

Business Foreclosures or Short Sales

In our July 2009 Tax News, we addressed some of the questions we had been receiving related to a foreclosure or a short sale of a personal residence. The other question we have received asks, "What if the foreclosure is on my rental property?" / more+