Search for: "State of California Tax Board"
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10 Dec 2018, 6:44 pm
The recently created California Office of Tax Appeals (OTA) has issued a ruling in the Satview case against the Franchise Tax Board (FTB)'s position that a 25% member of a California limited liability company was "doing business" in California and subject to California's minimum annual corporate franchise tax. [read post]
17 Feb 2008, 10:54 am
The Franchise Tax Board (FTB) announced that it has filed tax evasion charges against a Diamond Springs, California couple who failed to file income tax returns, and failed to report all of their income from their painting businesses on their California State income tax returns for four years running. [read post]
8 Dec 2014, 5:11 pm
When a out-of-state business entity does business in California, it must register with the Secretary of State and file tax returns with the Franchise Tax Board. [read post]
13 Nov 2023, 8:44 pm
In the Appeal of Southern Minnesota Beet Sugar Cooperative (2023-OTA-342P) (Beet Sugar), the California Office of Tax Appeals (OTA) issued a precedential opinion holding the California Franchise Tax Board (FTB) is not entitled to apply its FTB Legal Ruling 2006-01 (Apr. 28, 2006) to prohibit taxpayers from including in their apportionment factors property, payroll, and sales that generated statutorily-deductible income. [read post]
25 Aug 2010, 1:31 pm
The Franchise Tax Board has announced that, as of August 16, 2010, applications are no longer being accepted for the first-time homebuyer credit.This news will put downward pressure on an already-struggling California housing market, particularly in the lower-cost housing tiers from which first-time homebuyers tend to select.Scott M. [read post]
8 Mar 2023, 11:50 am
In addition to the tax relief announced in January, the California Franchise Tax Board (FTB) has automatically extended the income tax filing and payment deadlines for businesses and individuals affected by severe winter storms in California until October 16, 2023. [read post]
9 Sep 2019, 8:05 am
The California Office of Tax Appeals (OTA)—in a 3-0 pending precedential opinion granting the Appeal of Jali, LLC—has rejected the Franchise Tax Board’s (FTB) 0.2 percent ownership threshold as the new bright-line standard for determining whether an out-of-state LLC member is actively “doing business” (and thereby required to file and pay tax) in California. [read post]
30 Apr 2021, 9:41 am
The California Franchise Tax Board offers free help here. [read post]
20 Jul 2021, 12:24 am
The Issue Nonresidents who own vacation homes, business interests, financial accounts, or have other significant contacts in California can receive a notice from the Franchise Tax Board, California’s tax enforcement agency, demanding they file a tax return or explain why they aren’t required to. [read post]
3 Feb 2011, 3:51 am
The California Franchise Tax Board has a "penalty reference chart" which provides the name of the tax penalty, the California Revenue and Taxation Code Section on which the penalty is based, the equivalent Internal Revenue Code Section, the reason for imposition of the penalty and the penalty computation. [read post]
26 Aug 2024, 3:58 pm
State Board of Equalization, 25 Cal.4th 197 (2001). [read post]
4 Mar 2020, 5:15 pm
After the Franchise Tax Board (FTB) sent the partnership a demand for tax return and the partnership did not timely respond, the FTB issued a notice of proposed assessment of tax, penalties, and interest. [read post]
6 Jun 2011, 3:23 pm
I recently did a blog about California clients wanting to form LLCs outside of California in order to avoid California franchise taxes, and how the Franchise Tax Board has been steadily trying to eliminate those possibilities. [read post]
12 Dec 2014, 1:34 am
Obviously any continued contacts with California are red flags for California’s taxing authority, the Franchise Tax Board, which determines residency in part through a “contacts test,” evaluating which state the taxpayer has the most contacts with. [read post]
12 Dec 2014, 1:34 am
Obviously any continued contacts with California are red flags for California’s taxing authority, the Franchise Tax Board, which determines residency in part through a “contacts test,” evaluating which state the taxpayer has the most contacts with. [read post]
24 Jan 2023, 3:39 am
The new tax would arrange for payments to California’s Franchise Tax Board for years after a departure for those assets which are not easily converted into cash. [read post]
24 May 2010, 5:10 am
Claiming to be a resident of another state while residing in California. [read post]
25 Oct 2018, 6:23 am
The Tax Cuts and Jobs Act of 2017 limits the amount of state and local taxes (SALT) an individual can deduct on taxes to $10,000 a year. [read post]
23 Jul 2019, 8:07 am
City of Upland.1 The Upland case sparked debate calling into question whether the longstanding requirement in the California Constitution that local special taxes must be passed with a two-thirds supermajority vote apply to local special taxes introduced by voter initiative like measures introduced by a mayor or local board of supervisors. [read post]
29 Jan 2012, 10:48 am
Starting July, 2, 2012, the Medical Board of California is required to deny an application for licensure and to suspend the license of any physician who has outstanding financial obligations to the Franchise Tax Board or State Board of Equalization and appears on either the BOE’s or FTB’s certified list of top 500 tax delinquencies over $100,000. [read post]
