Tax News October 2010

Highlights from September’s Board Meeting

On September 1, 2010, the Board held a regularly scheduled meeting in Sacramento.  / more+

Changes to Information Return Filing Requirements

Earlier this year, Federal law expanded the filing requirements for information returns. These changes apply to payments made after December 31, 2011.  / more+

Taxpayers’ Bill of Rights Publication Revised

We recently revised publication FTB 4058, California Taxpayers’ Bill of Rights to include the 1997 and 1999 Bill of Rights updates. With this consolidation, FTB 4063 and FTB 4064 are no longer be available.  / more+

New FAX Numbers for Three Key Business Areas

Beginning November 1, 2010, we upgraded the following business areas from physical fax machines to Faxination electronic fax service.   / more+

New e-Services

New method to access MyFTB Account:

Beginning November 2010, the way you access your clients’ MyFTB Account information will change.  / more+

Secure email

Secure email is an efficient, secure, and easy method for us to communicate confidential information to you, without installing software on your computer. Secure email encrypts the data sent to you.  / more+

IRS Updates Employer Identification Number Application

The Internal Revenue Service (IRS) revised Form SS-4, Application for Employer Identification Number (EIN), to clearly identify the responsible party rather than nominee individuals.  / more+

Updated IRS Registration Requirements for Tax Preparers

In July 2010, we posted an article about the upcoming IRS registration requirements, since the IRS made some updates to the tax preparers’ registration requirements that go into effect January 1, 2011.   / more+

Ask the Advocate

Advisory Board Meets

The Executive Officer has an advisory board that meets at least once per year to discuss issues relating to California income tax.  / more+

Event Calendar

Education and Outreach Events: October, November, and December.  / more+

Inside FTB

Take a look at the changes happening here at FTB.  / 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

Suspension and Revivor 101 – Part 3

So far we have discussed how a corporation or LLC becomes suspended or forfeited, and how to revive them back into compliance. In this article, we discuss three penalties that are closely associated with suspension and forfeiture.  / more+