California tax news snippets from the leader in California tax law analysis — Dedicated to bringing you tips and hot topics that will save you time and save your clients money.
Draft Form 1040 and Schedules 1, 2, and 3
This week we’re looking at the changes to the recently released draft 1040 schedules.
IRS sending refunds to UI recipients
This week we’re covering refunds the IRS is sending to taxpayers who received unemployment compensation and which taxpayers should file an amended return.
SALT workaround elective passthrough entity tax
This week we’re covering the elective passthrough entity tax, which was enacted as part of the California budget deal.
Three-year IRA recognition spread and change in residency
This week we’re talking about what happens when a taxpayer changed residence during the three-year period for recognizing income from a coronavirus distribution.
IRS collections and POA submissions
This week we’re covering some IRS developments regarding collections starting up again and a new system for POA submissions.
Keeping score in the residency game: FTB 1, Taxpayer 0
This week we’re covering a recent appeal in which taxpayers tried to use the Bragg factors to end their California residency, but found it takes more than meeting a few factors to become a true nonresident.
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Super topical CA tax podcast
California Minute does a great job with brief updates on items that affect practitioners. Good sound quality and great way to start my week.