California Franchise Tax Board (FTB) Tough on Missing Forms 1099 and W-2s
The California Franchise Tax Board (FTB) has been given the green light by the California Legislature to disallow deductions for payments made for personal services if the payor fails to provide a Form...
View ArticleCalifornia Franchise Tax Board (FTB) Must Send All Notices to Taxpayers’ Last...
The Internal Revenue Service (IRS) has long been required to send notices to a Taxpayer’s last known address. However, California state law has never specifically provided the address to which notices...
View ArticleFranchise Tax Board (FTB) Files Tax Evasion Charges
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...
View ArticleCalifornia Franchise Tax Board (FTB) Lists Warning Signs of a Bad Tax Preparer
The California Franchise Tax Board (FTB) joined with the California Tax Education Council (CTEC) to warn taxpayers about unregistered tax return preparers. In California only certified public...
View ArticleState Board of Equalization Sales Tax Audit Can Lead to Other Tax Problems
An article in the California Franchise Tax Board (FTB) November 2008 Tax News publication highlighted the other tax problems that can arise from a tax audit by the California State Board of...
View ArticleCalifornia Franchise Tax Board Innocent Spouse Rules Change
Beginning January 1, 2004 the California Franchise Tax Board (FTB) was required, with some limitations, to grant innocent spouse relief to individuals who had previously been granted innocent spouse...
View ArticleCalifornia Income Tax Evasion Charged
The California Franchise Tax Board (FTB) has arrested an individual for felony income tax evasion. According to the FTB Phillip Leech was the CFO of In & Out Desighns, Inc. which allegedly earned...
View Article“Little Fockers” Star has Tax Liens for $433K in Back Taxes to IRS, State of...
The Detroit News is reporting that Hollywood actress Teri Polo, perhaps best known for playing alongside Robert De Niro and Ben Stiller in “Meet the Parents,” has a tax lien for $433,736. The former...
View ArticleCalifornia Franchise Tax Board (FTB) Has New Offshore Voluntary Compliance...
Last month I was quoted in a Tax Analysts article by Amy Hamilton on the lack of a California offshore voluntary disclosure program. The FTB responded that there was something in the works. As if...
View ArticleCalifornia Franchise Tax Board (FTB) To Issue 475,000 Tax Levies for...
If you or your clients have tax problems and owe California State income taxes, the Tax Man Cometh! The California Franchise Tax Board (FTB) is collecting delinquent tax debts through the Financial...
View ArticleCan a California Tax Lawyer Help Me with Tax Problems in Other States?
Tax laws vary greatly from state to state, and in fact, nine states don’t even charge a state income tax. With such diversity of tax laws, it isn’t feasible for a tax lawyer to be fully versed in the...
View ArticleCan the California Franchise Tax Board Levy My Bank Account?
The California Franchise Tax Board (FTB) has the authority to collect your delinquent tax balance via a bank levy under California Revenue and Taxation Code Sections 18817 and 18670. The FTB has the...
View ArticleThe California Franchise Tax Board’s Financial Hardship Programs
The California Franchise Tax Board (FTB) encourages taxpayers facing a financial hardship to work with the FTB to find a way to pay off their tax debt. The FTB can give California taxpayers more time...
View ArticleHow to Get a State Tax Lien Removed
The California Franchise Tax Board (FTB) can issue a state tax lien on real or personal property to recover state tax debt. This lien protects their right to the balance owed. It also makes it...
View ArticleHow to Determine Residency for California State Income Tax Purposes
The California Franchise Tax Board (FTB) can come after snowbirds and other people who spend time in California, but maintain a tax residence in other states. For California income tax purposes,...
View ArticleHow to Appeal a Franchise Tax Board Decision
To appeal a decision by the California Franchise Tax Board (FTB), you must first attempt to use all of your administrative remedies within the FTB. After you have exhausted these procedures, you may...
View ArticleHow the Franchise Tax Board Collects Delinquent Tax Debt
The California Franchise Tax Board (FTB) has many of the same weapons at its disposal as the IRS when collecting delinquent tax debt, and also has the ability to use information received from the IRS...
View ArticleNot Just Another Covid-19 Announcement
Some of you may be concerned about the impact of the Coronavirus aka Covid-19 outbreak on your taxes, and those of your clients. The news from the IRS has been slow in coming. On Friday of last week...
View ArticleNot Just Another Covid-19 Announcement (Part II)
On Tuesday evening our tax lawyers sent out an announcement discussing some of the tax filing and payment implications of the Covid-19 virus. We indicated that Secretary of Treasury Mnuchin had...
View ArticleDennis Brager Published on Bankrate.com
Recently, Dennis was interviewed by Bankrate.com on his thoughts on tax implications of a cash-out mortgage refinance. Below is an excerpt of the quote: “Capital improvements must substantially...
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