Those who file electronically will answer a question when prompted by tax software and enter the disaster information accordingly. 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,...
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...
California state income tax returns follow the federal tax deadline, which generally falls on April 15. Taxpayers who don't file a return on time are given an automatic six-month extension until mid-October. However, if you owe taxes, payment is still due by the regular April tax deadline...
FTB tell-all: tax gap, filing procedures and legislative updates fill liaison meeting.(californiatax)Williams, Leonard W
If I form my LLC in March of 2023, is it correct that I would not have to pay the $800 fee until April of 2024? Or do I need to wait until after the 2023 California Franchise Tax Fee due date of April 18 2023 to form the LLC this year? Thank you. Reply Matt Horwitz March 20...
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 ...
► 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 ...
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Tales From the California Tax Controversy Trenches: Navigating FTB Sales Factor Audits: Proper planning can lead to a successful audit--or at least a more tolerable oneAnderson, EricVigil, MichaelKohli, VikTax Executive
FTB focus on OIC: plus, sales taxes on food and software.(californiatax)Williams, Leonard W