The FTB says that affected taxpayers can claim the losses on original and amended returns for the 2023 tax year. To claim disaster losses on your federal tax return, generally, the losses must be related to your home, household items, and vehicles and be caused by a federally declared disast...
For additional detail, please refer to FTB Notice 2023-01. If you have questions about your business’ state tax compliance obligations, please reach out to a member of the Withum SALT Team. January 20, 2023 California Commences Foster Youth Tax Credit Authored by: Breea Boylan, MSA and ...
UC Davis Extension: Planning in California - An Overview and Update. October 2011. ► Reforming California Municipal Finance and the State-Local Relationship - a City Perspective. History, problem definition, principles, and some suggested solutions by Michael Coleman. Jan'11 California Local ...
For more details about who qualifies as a dependent, see the Instructions for Form FTB 3506 on the California Franchise Tax Board’s website[0] State of California Franchise Tax Board. Child and Dependent Care Expenses Credit. Accessed Jan 17, 2024. View all sources. California adoption cost ...
The FTB’s “tax benefit/income testing” limitation on the statutory NOL extension provisions is invalid because: The “tax benefit/income testing” limitation is not authorized by, and conflicts with, the plain language of the statute; and ...