Spidell's California Minute: Recent Episodes
Spidell Publishing
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.
This week we’re covering reporting issues for workers who are classified as California employees and federal independent contractors.
This week we’re covering late-payment notices that the FTB is sending for the 2024 tax year.
This week, we’re discussing the tax and filing requirements of changing an LLC’s tax classification.
This week we’re covering how to treat insurance payments and other reimbursements received after a disaster.
This week we’re covering whether Employee Retention Credit adjustments are required on the California return.
This week we’re covering some considerations for making the passthrough entity tax prepayment, due on June 16.
This week we’re covering property tax planning options for taxpayers affected by the Los Angeles wildfires.
This week we’re covering the disaster postponements for Los Angeles County wildfire victims.
This week we’re covering some California filing updates to be aware of for the start of the 2025 filing season.
This week we’re covering California conformity to certain provisions of the Federal Disaster Tax Relief Act.
This week we’re talking about planning for California’s net operating loss suspensions that go into effect in 2024.
This week we’re covering penalty relief options for taxpayers who are subject to estimated tax payments.
This week we’re covering some of the exemptions from the ABC test for worker classification that will sunset for certain industries at the end of this year.
This week we’re covering three California planning strategies to consider implementing by the end of the year.
This week, we’re talking about holding a vacation home in an LLC and the California tax consequences.
This week we’re looking at some of the tricks and traps around filing a final corporate return.
This week, we’re covering the recent decision by the U.S. Supreme Court not to review the Olsen case challenging AB 5.
This week, we’re covering dividing property in a divorce and how that affects basis and the principal residence exclusion, among other things.
This week, we’re talking about the risks of a compromised CAF number and the IRS’s process for handling these.
This week we’re covering some of the more common California adjustments to be aware of for individual taxpayers.
This week, we’re covering the coming FUTA payroll tax increase that’s the result of California’s Unemployment Insurance Fund loan.
This week, we’re talking about changes that Proposition 19 made to transfers of California real property between parents and children.
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.
This week, we’re discussing how to determine the basis of inherited property that’s held in joint tenancy.
This week, we’re discussing some tips for filing Form 3840 to report certain like-kind exchanges.
This week we’re covering common errors taxpayers make when using FTB’s Web pay system, and some tips for avoiding those mistakes.
This week, we’re covering reasons why the FTB may reject a Power of Attorney submission and tips for avoiding errors.
This week we’re covering the voluntary and involuntary administrative dissolution process for nonoperating entities.
This week we’re covering two common scenarios that arise when employees are working remotely.
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.
This week, we’re discussing the use of loan-out corporations, which are in the crosshairs of the EDD for AB 5 purposes.
This week we’re covering how real estate withholding is reported when the property is owned by a trust.
This week we’re talking about what factors into a taxpayer’s tax rate and how it can add up.
This week we’re covering the requirements for the New Energy Efficient Home Credit available to builders and contractors.
This week, we’re covering the FTB’s annual outreach campaign to certain taxpayers who filed Schedule A and Schedule C.
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.
This week we’re covering some things to keep in mind about making the June 17 passthrough entity elective tax prepayment.
This week we’re discussing the FTB’s new multi-factor authentication process for MyFTB Accounts.
This week we’re covering LLC fee late-payment notices for 2022 that some taxpayers have only recently received.
This week we’re talking about property tax increases for partial transfers of property.
This week we’re covering the tax treatment of CalPERS long-term care premium settlement payments.
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.
This week we’re covering what a tax professional needs to know about LLC filing requirements.
This week we’re covering some enhancements to the MyFTB account system that have improved and streamlined the user experience.
This week, we’re covering the requirement for a nonresident sole proprietor to pay California tax on income received from California.
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.
This week we’re covering what a taxpayer moving out of California needs to do to break ties with the state and actually become a nonresident.
This week we’re covering why a passthrough entity that made the passthrough entity tax election may want to pay the remainder of the tax by December 31.
This week we’re covering some older Power of Attorney declarations set to expire at the end of this year, and how to see which declarations are affected in MyFTB.
This week we’re covering the expiration of the temporary exemption for the $800 annual tax that’s available for new LPs, LLCs, and LLPs.
This week we’re covering California conformity and nonconformity to various SECURE 2.0 Act provisions.
This week we’re covering some things to keep in mind when verifying estimated tax payments with the FTB.
This week we’re covering the FTB’s new one-time penalty abatement provision, which goes into effect for tax years beginning on or after January 1, 2022.
This week we’re covering California’s tax basis capital account reporting requirement, which goes into effect after a two-year delay.
This week we’re covering the Unclaimed Property Voluntary Compliance Program to help businesses come into compliance with the unclaimed property reporting requirements.
This week we’re covering how gross income from tiered LLCs impacts the LLC fee calculation.
This week we’re covering some issues that an LLC may face when it elects to be treated as an S corporation, and what the best course of action is.
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.
This week we’re covering nonresident sole proprietor income and California taxability, along with a recent OTA decision regarding an out-of-state accountant.
This week we’re covering some questions that we’ve been receiving from practitioners on the October 16 disaster postponement due to the California winter storms.
This week we’re discussing things taxpayers should consider when they’re moving out of California and establishing residency in another state.
This week we’re covering voluntary and involuntary administrative dissolution procedures for unused entities.
This week we’re covering the FTB’s City and County tax information sharing program as it relates not only to home-based businesses, but to employees working remotely from home.
This week we’re discussing the e-pay mandate and the penalties for failing to make mandatory e-payments.
This week we’re covering some proposals for change that Spidell presented at the FTB’s recent Taxpayer Bill of Rights Meeting.
This week we’re discussing California’s Middle Class Tax Refund eligibility and taxability.
This week we’re covering the elimination of the SDI wage base cap, and what you can do to prepare for this new tax increase on wage earners.
This week we’re covering the passthrough entity tax June 15 prepayment requirement as it relates to new entities and fiscal-year taxpayers.
This week we’re covering information notices the FTB may send to verify a taxpayer’s identity and the best way to safely respond.
This week we’re discussing changes made to base-year value transfers under Proposition 19.
This week we’re covering the FUTA tax increase that’s coming in January as a result of California’s Unemployment Insurance Fund loan balance.
This week we’re talking about some considerations regarding making additional 2022 passthrough entity elective tax payments.
This week we’re covering dissolutions, as a reminder that entities no longer have to dissolve by December 31.
This week we’re covering education letters that the FTB is sending to taxpayers regarding Schedules A and C.
This week we’re talking about some new and existing tax benefits for energy efficiency and other conservation measures.
This week we’re covering legislative changes to the cannabis excise tax and potential penalties.
This week we’re covering legislative changes to the cannabis excise tax and potential penalties.
This week we’re discussing new questions on California business tax returns related to reporting and remitting unclaimed property.
This week we’re discussing new questions on California business tax returns related to reporting and remitting unclaimed property.
This week we’re talking about making California adjustments to tax basis capital accounts.
This week we’re talking about making California adjustments to tax basis capital accounts.
This week we’re talking about making California adjustments to tax basis capital accounts.
This week we’re talking about making California adjustments to tax basis capital accounts.
This week we’re covering a recent change to which employers are required to register with the CalSavers program.
This week we’re covering a recent change to which employers are required to register with the CalSavers program.
This week we’re discussing the California tax treatment of student loan forgiveness based on California’s complex conformity to federal law.
This week we’re discussing the tax outcome of one spouse living and working outside of California while the other spouse is still in California.
This week we’re discussing the tax outcome of one spouse living and working outside of California while the other spouse is still in California.
This week we’re discussing erroneous passthrough entity elective tax refunds and what to do if your client has received one of these refunded payments.
This week we’re covering mismatched and unclaimed real estate withholding and things for practitioners should look out for.
This week we’re covering mismatched and unclaimed real estate withholding and things for practitioners should look out for.
This week we’re covering an FTB legal ruling regarding nonresident sales of partnership interest.
This week we’re covering the emergency Proposition 19 rules adopted for parent–child transfers.
This week we’re covering the emergency Proposition 19 rules adopted for parent–child transfers.
This week we’re covering payroll tax increases that will be coming in January 2023 as a result of unemployment claims paid during the pandemic.
This week we’re covering AB 194, which was signed as part of the 2022-2023 budget deal, addressing PPP conformity, first-time penalty abatement, and other provisions.
This week we’re covering AB 194, which was signed as part of the 2022-2023 budget deal, addressing PPP conformity, first-time penalty abatement, and other provisions.
This week we’re covering the passthrough entity elective tax and how it intersects with nonresident withholding requirements.
This week we’re covering the top reasons for e-file rejections for business and individual returns.
This week we’re comparing the current House and Senate bills that act as follow-up proposals to the 2019 SECURE Act.
This week we’re covering Employment Development Department worker classification audits and the potential for penalties to be assessed on tax professionals.
This week we’re covering some FAQs regarding like-kind exchanges and filing California Form 3840.
This week we’re talking about property tax increases for partial transfers of property.
This week we’re covering nonresident sole proprietor income and when it may be subject to California tax.
This week we’re talking about the estimated gross receipts fee for LLCs, which is due on June 15.
This week we’re covering the June 15 due date for passthrough entity elective tax prepayments and some things to consider when making these payments.
This week we’re covering mandatory e-pay, including penalties and waiver requests and passthrough entity elective tax payments.
This week we’re covering the upcoming June 15 deadline to make the first of two passthrough entity elective tax payments, and what happens if that payment is late or underpaid.
This week we’re covering a few of the frequently asked questions we’ve been getting about California’s passthrough entity elective tax.
This week we’re clarifying when you need to send a 1099-NEC to the FTB, along with some deadlines coming up at the end of January.
This week we’re covering the FTB’s recent self-correct letter campaign to Schedule C filers.
This week we’re covering the approaching due date for repaying the first portion of any social security taxes that an employer may have deferred.
This week we’re covering some year-end tax planning tips for individuals and businesses.
This week we’re covering some issues with making passthrough entity elective tax payments and what need to know about the process.
This week we’re covering verification letters that lenders and other third parties often ask tax professionals to provide, and the pitfalls of providing these letters.
This week we’re covering the taxability of paid family leave benefits offered by a private employer.
This week we’re covering letters the EDD is sending out to recipients of pandemic unemployment assistance benefits asking for employment verification.
This week we’re covering some recent guidance on the 100% meals deduction as it relates to taxpayers who use the per diem rates.
This week we’re covering some of the tax provisions contained in the Build Back Better Act, which still has yet to be voted on.
This week we’re covering frequently asked questions about the passthrough entity elective tax.
This week we’re covering how the passthrough entity tax affects California tentative minimum tax.
This week we’re covering the passthrough entity tax enacted by AB 150 and how it interacts with nonresident withholding.
This week we’re looking at IRS Letter 6470 that some taxpayers are receiving regarding their Recovery Rebate Credit, and how to deal with this notice.
This week we’re covering some of the tax provisions proposed as part of the federal Build Back Better Act.
This week we’re covering more questions and answers regarding California’s new passthrough entity tax.
This week we’re covering when to consider filing an amended return following the IRS automatically correcting returns for taxpayers with unemployment income.
This week we’re covering the CalSavers program requirements and registration deadlines, because it’s important to understand how the program works to avoid major penalties for failure to comply.
This week we’re covering some surprising guidance from the IRS on the Employee Retention Credit.
This week we’re covering refunds the IRS is sending to taxpayers who received unemployment compensation and which taxpayers should file an amended return.
This week we’re covering the elective passthrough entity tax, which was enacted as part of the California budget deal.
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.
This week we’re covering some IRS developments regarding collections starting up again and a new system for POA submissions.
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.
This week we’re covering more AB 80 issues including amended returns and potential penalties.
This week we will be talking about COBRA continuation coverage, and how it applies for individuals and employers.
This week we will be talking about the Ninth Circuit Court of Appeals’ decision to overturn the lower court’s AB5 injunction for truckers.
This week we’re covering the advanced Child Tax Credit and some considerations about these payments, which are starting later this summer.
This week we’re covering which forms need to be filed to help employers claim valuable tax credits, and some errors to watch out for when filing those forms.
This week we’re covering the IRS resuming the reporting of certain tax debts to the State Department, which can impact a taxpayer’s passport status.
This week, we’re covering the tax ramifications of moving out of state during the pandemic and working remotely from that new location.
This week we’re covering what happens to California subsidies, based on ARPA’s subsidy repayment forgiveness.
This week we’re covering California’s health care mandate, specifically how the penalties are applied and how to reconcile the subsidy payments on the return.
This week we will be talking about the tax consequences of corporations relocating out of California.
This week we’re going over the details of the second round of economic impact payments.
This week we’re covering some of the new forms that we’ll be dealing with in the upcoming filing season.
This week we will be talking about all-inclusive Life Plan communities otherwise known as continuing care retirement communities.
This week we will be talking about Governor Newsom’s recent press release announcing immediate assistance for businesses impacted by COVID-19.
This week we have some answers to questions about PPP loan forgiveness and how to deduct expenses paid with loan proceeds, but the guidance raises more questions.
This week we’re covering some tax planning tips to consider before the end of the year.
This week we’re talking about reporting income for taxpayers who are independent contractors for federal purposes, but employees for California purposes.
This week we will be talking about a hot button election topic – Proposition 22 and Assembly Bill 5.
This week we’re covering the two tax-related California ballot propositions, which both would affect property tax law.
This week we’re covering payroll tax requirements and the associated penalties that can result from failing to file or pay those taxes.
This week we will be talking about your client’s sale of residence and some tips on how to compute the gain and exclusion.
This week we’re covering some CARES Act provisions that affect charitable contribution deductions and carryovers.
This week we’re talking about some reasons why businesses might want to wait until the end of their covered forgiveness period to submit their PPP loan forgiveness applications.
This week we’re covering a new credit that will provide some relief to California small businesses with $1,000 for every net increase in full-time equivalent employees.
This week we’re covering estimated tax payments and some considerations to keep in mind.
This week we’re covering some legislation that has moved on to the Governor to be signed or vetoed.
This week we’re talking about filing amended returns for partnerships subject to the centralized partnership audit regime.
This week we’re looking at two tax propositions that will be on the California ballot this fall.
This week we’re covering how to appeal decisions made by the SBA regarding PPP loan reviews and forgiveness.
This week we’re talking about worker classification and a federal case in which the taxpayer was able to prove her workers were independent contractors; although, we doubt the EDD would agree.
This week we’re talking about making S corp elections, including how to make a late election and what criteria a corporation has to meet in order to do so.
This week we’re talking about an extension of time for rolling 2020 required minimum distributions back into a retirement account.
This week we’re covering some last-minute filing tips and reminders as we approach the July 15 filing and payment deadline.
This week we’re covering the California health care mandate, including an inflation-adjusted penalty increase.
This week we’re talking about some issues taxpayers may be facing come July 15 when estimates and 2019 tax payments are due.
This week we’re talking about California conformity to various provisions of the Families First and CARES Acts.
This week we’re covering residency audits and what the FTB is looking for and what kind of information they already have.
This week we have an update on AB 5 and worker classification, which is still a focal point in Sacramento even with all of the pandemic-related happenings.
This week we’re covering paycheck protection program loan fraud and the next round of legislation regarding this program.
This week we’re covering some recent guidance regarding extensions for §1031 exchanges.
This week we are covering some guidance from the IRS about economic impact payments sent out to deceased taxpayers and what to do about those payments.
This week we’re covering the suspension of the RMD requirement for 2020, as well as some considerations and remaining questions on this issue.
This week we’re covering a federal issue: the paycheck protection program loans and some common questions we’ve been getting about partnerships, loan forgiveness, and use of funds.
This week we’re covering the small business accounting method simplification provision, and making a retroactive election.
This week we’re talking about how a refund could show up in an unexpected year and why that sometimes happens.
This week we’re covering some lawsuits that were recently filed in the wake of the passage of AB 5.
This week we are talking about how changes to the federal W-4 have affected what is filed with the California Employment Development Department.
This week we’re talking about the involuntary dissolution program that the FTB will launch in January 2020
This week we're covering a bill that impacts tax and retirement provisions and whether California conforms.
This week we are talking about another round of FTB letters to taxpayers who should have filed a Form 3840 to report a like-kind exchange.
This week we're talking about how identity theft affects the filing process, especially in years following the year of the theft.
This week we have some gifting strategies to consider since we are nearing the end of the year.
This week we’re covering a change in the way the FTB will disallow head of household status which shortens the process, but gives taxpayers fewer dispute options.
This week we’re looking at the worker classification issue as it’s playing out at the federal level and comparing that to what’s happening here in California with AB 5.
This week we’re covering a bill that was just signed, allowing more cannabis businesses to be able to deduct business expenses.
This week we’re talking about a case where the taxpayer was in prison and he came up against some interesting filing issues.