by Michele Weiss | Nov 16, 2023 | Franchise Tax Board
On November 13, 2023, the FTB issued FTB Notice 2023-03 which extends the period for participating in the FTB’s resolution program to January 31, 2024. On May 31, 2023, the FTB issued FTB Notice 2023-02 which sets forth the procedures for taxpayers to participate in... by Igor Drabkin | Oct 16, 2023 | Franchise Tax Board, Internal Revenue Service
Today, October 16, 2023, the IRS issued an announcement, further postponing tax deadlines for most California taxpayers to November 16, 2023. Because of the last winter’s natural disasters, the normal April 15 due dates had previously been postponed to October... 
by Michele Weiss | Jul 10, 2023 | Franchise Tax Board
Michele Weiss, principal at Holtz, Slavett & Drabkin, was quoted in a Bloomberg Tax article on the FTB’s recently announced settlement program for California taxpayers who invested in syndicated conservation easement transactions (“FTB Settlement Program”). The... 
by Richard Gano | Aug 5, 2022 | Franchise Tax Board
The California Franchise Tax Board (FTB) may determine that an out-of-state business is subject to California tax if the business has enough of a connection with the State of California. The FTB is a taxing agency that has taken aggressive positions against... 
by Richard Gano | Jun 20, 2022 | Audit, Franchise Tax Board, Internal Revenue Service
No one wants to be audited by the Internal Revenue Service (IRS). However, if the IRS examines your tax return and makes any changes to it, then California taxpayers have an extra obligation to notify the California Franchise Tax Board (FTB) of these changes. Under... 
by Michele Weiss | Apr 27, 2020 | COVID-19, Franchise Tax Board
In response to the COVID-19 crisis, the California Franchise Tax Board (“FTB”) has followed the IRS’ lead and given taxpayers penalty-free extensions to July 15, 2020 to file and pay their California tax obligations for 2019 and for the first two quarters of 2020....