Spidell's California Minute

This week we’re covering identity verification notices from the FTB and the best way to handle these notices.

This week we’re covering some questions we continue to receive about intergenerational property transfers under Proposition 19.

This week we’re talking about considerations for whether and how to make a passthrough entity tax election for 2022 and/or 2023.

This week we’re discussing CalSavers enforcement notices and what to do if an employer receives one.

This week we’re covering avoiding the e-pay requirement, which may apply to a taxpayer if they combine estimate payments and exceed the threshold.

This week we’re talking about some things to keep in mind when a single-member LLC becomes a multi-member LLC, or vice versa.

This week we’re covering some traps to watch out for regarding the filing postponement to October 16.

This week we’re covering some potential traps to watch out for when paying passthrough entity taxes.

This week we’re covering questions we’ve been receiving from practitioners regarding Employee Retention Credit refunds and California returns.

This week we’re talking about the new business personal property reporting requirement for owners of short-term rentals.

This week we’re covering when taxpayers need to file Form FTB 3840, which is used for reporting like-kind exchanges.

This week we’re covering what to do if an LLC filed a partnership return when it shouldn’t have.

This week we’re covering what a long-term care insurance tax might look like if one were to be enacted in California.

This week we’re talking about a way you can help clients avoid tax when they retire outside of California, by structuring payouts to take advantage of a carveout from California taxation.

This week we’re covering the top reasons for e-file rejections for business and individual returns.

This week we’re covering how to respond when clients call about the new California Paid Sick Leave grants.

This week we’re covering the FTB’s letter campaign regarding Schedule A and Schedule C deductions and what taxpayers should do if they receive one of these letters.

This week we’re covering the passthrough entity tax election and how to make the election on a superseding return, which the FTB defines somewhat differently than the IRS.

This week we’re discussing filing California’s Form 3840, which is filed when California property is exchanged for out-of-state property.

This week we’re covering how the filing and payment extension affects the June 15 prepayment deadline for the passthrough entity elective tax and the LLC gross receipts fee.