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Category Archives: CALIFORNIA

California Franchise Tax Board Reminds Us That Your Third Estimated Tax Payment is Due September 15

Your third 2009 quarterly estimated tax payment is due by September 15, 2009.

The FTB has a free Web Pay service to easily pay your estimated tax online. You will need the following to pay online:

Your social security number

The last name you used when you filed your 2007 income tax return.
Your bank account number and bank routing number.

Don’t want to use Web Pay?

View all your payment options.

If you mail a check or money order, be sure to include Form 540-ES, Estimated Tax for Individuals, with your payment.

September California Franchise Tax News

More information directly from the California Franchise Tax Board.

Clarification of the “Cash for Clunkers” Tax
Rules

The federal “Cash for Clunkers” program has generated a lot of interest among consumers and we have received many inquires about the tax implications of this popular program. / more+

Did You Know NHSC Loan Repayment Awards Are Exempt Under California Law?
National Health Services Corps (NHSC) loan repayment program provide payment of student loans for participants who provide certain services in areas where shortages of these services exist. / more+

Federal and State Income Tax Changes

Federal, State, and Revised 2009 Withholding Tables. / more+

How to Select a Tax Preparer

How to Select an Income Tax Return Preparer, FTB 982, is an educational tool for taxpayers. / more+

Chiang Determines Date to Stop Issuing IOUs

State Controller John Chiang today announced he has completed “stress testing” the Department of Finance’s cash projections from the state’s newly-revised budget and has determined the new spending plan will provide the State Treasury with enough cash to stop issuing IOUs on September 4, almost one month earlier than expected. / more+

Small Business
Does Your Client Know to Dissolve, Surrender, or Cancel Their Business Entity When They Are No Longer Doing Business?

It is very important for taxpayers to understand that business entities registered with the California Secretary of State (SOS) must be dissolved, surrendered, or canceled when they are ceasing operations in California.

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Ask the Advocate

Reasonable Cause

Recently, I have received requests from taxpayers to have certain penalties waived for what they believe may qualify for reasonable cause. / more+

Inside FTB

New Policy for FTB Installment Agreements

We have implemented a uniform Installment Agreement (IA) Policy throughout our department, and external website. / more+

Criminal Corner

Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time./ more+