California state tax return status San Diego County taxpayers affected by severe storms and flooding also have state tax deadline relief from the California Franchise Tax Board (FTB). Residents and businesses in San Diego County now have until June 17, 2024, to file certain California state ind...
Pass-through entity (PTE) elective tax payments are due on March 15, 2024. Tax-exempt organization returns normally due on May 15, 2024. For additional information, please refer to the FTB’s press release. If you have questions about California’s disaster relief provisions, please reach out...
The article reports on the decision of the U.S. Franchise Tax Board (FTB) to offer below clarification of the effects of the automatic extension and technical requirements of like-kind excha...
This new extension to July is in response to IRS Notice 2020-17 released on March 18. FTB will continue to monitor changes at the federal level. As of this alert, the IRS has only issued guidance regarding an extension of the upcoming payment deadline. The April 15th deadline to file ei...
Similar to the federal child and dependent care tax credit, eligible taxpayers can claim a certain limited percentage of their expenses on their state tax returns. For more details about who qualifies as a dependent, see the Instructions for Form FTB 3506 on the California Franchise Tax Board’...
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 ...
If the business is earning an income (rental property), does the $800 CA FTB tax over and above taxes paid on the real estate rental income? Reply Matt Horwitz December 26, 2017 Hi Ali, yes, correct. The $800 California Annual Franchise Tax must be paid, regardless of business activity...
ftb.ca.gov-Customer Service Select Live Chat icon. If phone-based customer service is not available, or the wait times are long, many people prefer chat as a next-best option. Some even prefer it to calling on the phone. Luckily, California Franchise Tax Board provides this option. ...
► Evaluating Some Options for Sales Tax Reform - Coleman. League of California Cities Policy Committees. 6 April 2015 Exploring Reform in California Municipal Finance. UC Davis Extension: Planning in California - An Overview and Update. October 2011. ► Reforming California Municipal Finance ...
Mail your completed FTB 3519 to the address on the form only if you are paying by check or money order. Advertisement Step 4 File your tax return by Oct. 15. The state gives you an automatic six-month extension, even if taxes were due. If you file after this date, you will be char...