The State of California Franchise Tax Board announced tax relief for San Diego County residents in response to the flooding, which was declared a major disaster. Affected individuals and businesses in San Diego County have been granted an extension until June 17 to file their tax returns and pay...
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’...
Californians who did not have qualifying health insurance throughout the year are subject to a penalty of $800 or more when they file their state tax returns. The penalty for a dependent child is half that of an adult; a family of four could face a penalty of $2,400 or more. If you...
All LLCs in California must pay a fee called the $800 Annual Franchise Tax. The state requires LLCs to file this fee every year –regardless of total revenue or activity. How much is the Annual Franchise Tax cost in California? Your Annual Franchise Tax is $800 per year. You’ll be ...
CVCP is particularly appealing in light of California’s 12% interest rate and renewed focus on unclaimed property enforcement. The law also comes on the heels of AB 466, which requires companies to disclose details of their unclaimed property compliance history on California franchis...
Schwab California Tax-Free Bond Fund™ Bloomberg Municipal TR USD12/201207/201402/201609/201704/201911/202005/2022$9,000$10,000$11,000$12,000$13,000$14,000 Trailing Total Returns Monthly 1-Month 3-Month 6-Month 1-Year SWCAX -0.61 -3.03 -2.74 2.68 Bloomberg Municipal ...
This change further authorizes the FTB to share the unclaimed property compliance information with the California State Controller’s Office (SCO) to aid in the enforcement of California’s unclaimed property laws. New Questions on Returns California Assembly Bill (AB) 466, an amendment to the Reve...
L.A. County homeless tax ahead in early returns. Voters deadlocked on enlarging board of supes ByRebecca Ellis A ballot measure aimed at enlarging the pot of money available for homeless services in Los Angeles County was ahead in early retur...
Tracy GordonFred Silva
Around 23 millionCaliforniaresidents are eligible for the one-time payment, which has been set up in three tiers based on theadjusted gross incomeon your 2020Californiastate tax return. In addition to meeting income requirements, residents must have filed their 2020 tax refund by Oct. 15, 2021...