Spidell's California Minute

Parent/child property tax transfers under Prop. 19 30.08.2024 4:14 ↓

This week, we're talking about changes that Proposition 19 made to transfers of California real property between parents and children.

Be the hero: Make sure your clients don't lose out on withheld amounts 23.08.2024 4:17 ↓

This week, we're talking about nonwage withholding and some tips for tax pros to make sure clients don't lose out on withheld amounts.

Inherited basis in joint tenancy assets 15.08.2024 4:38 ↓

This week, we're discussing how to determine the basis of inherited property that's held in joint tenancy.

Tips for filing Form FTB 3840 09.08.2024 5:07 ↓

This week, we're discussing some tips for filing Form 3840 to report certain like-kind exchanges.

Help your clients avoid Web Pay errors 31.07.2024 4:11 ↓

This week we're covering common errors taxpayers make when using FTB's Web pay system, and some tips for avoiding those mistakes.

Avoid these causes for POA rejections 26.07.2024 4:28 ↓

This week, we're covering reasons why the FTB may reject a Power of Attorney submission and tips for avoiding errors.

Administrative dissolution for nonoperating businesses 12.07.2024 4:34 ↓

This week we're covering the voluntary and involuntary administrative dissolution process for nonoperating entities.

Remote worker issues: two common scenarios 12.07.2024 4:33 ↓

This week we're covering two common scenarios that arise when employees are working remotely.

What does it mean to be "doing business" in California? 03.07.2024 4:23 ↓

This week we're covering what it means to be doing business in California for the purposes of filing returns and paying the annual or minimum franchise tax.

EDD is auditing loan-out corporations 28.06.2024 5:00 ↓

This week, we're discussing the use of loan-out corporations, which are in the crosshairs of the EDD for AB 5 purposes.

Real estate withholding and trusts 18.06.2024 4:36 ↓

This week we're covering how real estate withholding is reported when the property is owned by a trust.

California tax rates: what's included? 14.06.2024 4:54 ↓

This week we're talking about what factors into a taxpayer's tax rate and how it can add up.

FTB has started its annual outreach letter campaign 07.06.2024 3:44 ↓

This week, we're covering the FTB's annual outreach campaign to certain taxpayers who filed Schedule A and Schedule C.

Worker classification and tax professionals 31.05.2024 4:08 ↓

This week we're covering when a tax professional may be classified as an employee versus an independent contractor, and exemptions from the application of the ABC test to tax professionals.

Be ready to make the June 17 passthrough entity tax prepayment 23.05.2024 4:33 ↓

This week we're covering some things to keep in mind about making the June 17 passthrough entity elective tax prepayment.

MyFTB multi-factor authentication coming soon 17.05.2024 4:14 ↓

This week we're discussing the FTB's new multi-factor authentication process for MyFTB Accounts.

Are your clients just receiving 2022 LLC fee late-payment notices? 08.05.2024 4:42 ↓

This week we're covering LLC fee late-payment notices for 2022 that some taxpayers have only recently received.

Property tax increases for partial transfers 03.05.2024 4:11 ↓

This week we're talking about property tax increases for partial transfers of property.

Tax treatment of CalPERS long-term care premium settlement 26.04.2024 3:43 ↓

This week we're covering the tax treatment of CalPERS long-term care premium settlement payments.

Bill would ease passthrough entity tax prepayment requirement 18.04.2024 4:41 ↓

This week we're covering a bill that has been introduced which would allow entities to make a passthrough entity tax election even if they didn't make a June 15 prepayment.

LLC filing essentials: what every tax pro needs to know 27.01.2024 4:31 ↓

This week we're covering what a tax professional needs to know about LLC filing requirements.

Improvements made to MyFTB account 19.01.2024 4:33 ↓

This week we're covering some enhancements to the MyFTB account system that have improved and streamlined the user experience.

FTB is going after out-of-state preparers 12.01.2024 5:21 ↓

This week, we're covering the requirement for a nonresident sole proprietor to pay California tax on income received from California.

Key nonconformity issues for 2023 returns 06.01.2024 4:11 ↓

This week we're covering some key California nonconformity issues for 2023 returns.

Watch out for these common filing season traps 29.12.2023 4:45 ↓

This week we're covering some filing season traps that taxpayers can fall into, and what to watch out for to avoid these costly mistakes.