The Internal Revenue Service (IRS) recently posted its contingency plan for managing operations during the federal government shutdown, which includes reducing its available workforce for IRS functions by over 87 percent. Employees may be kept on for half a day to...
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Month: December 2018
California Considers Text Messaging Tax
The California Public Utilities Commission recently released a decision finding that text messaging services could be subject to Public Purpose Program surcharges, as suggested by Commissioner Carla J. Peterman. The proposed decision does not have legal effect at this...
California’s New 2019 Rules for Sales & Use Tax for Out-of-State Businesses
The California Department of Tax and Fee Administration (CDTFA) announced this week that, starting April 1, 2019, out-of-state retailers whose sales for delivery into California exceed $100,000 or 200 deliveries will be required to register with California and collect...
California’s New 2019 Rules for Sales & Use Tax for Out-of-State Businesses
The California Department of Tax and Fee Administration (CDTFA) announced this week that, starting April 1, 2019, out-of-state retailers whose sales for delivery into California exceed $100,000 or 200 deliveries will be required to register with California and collect...
TIGTA Releases Semi-Annual Report to Congress
The Treasury Inspector General for Tax Administration (TIGTA) recently released its semi-annual report to Congress on federal tax administration for the period from April 1 through September 30, 2018. A major highlight during this period was TIGTA's success protecting...
California Fund Manager Sentenced to Prison for Fraud and False Tax Return
A 74-year-old former fund manager who resided in San Francisco was recently sentenced to 30 months in prison for investment adviser fraud and filing a false income tax return that failed to report millions of dollars in illegally diverted funds. The California...
California Assembly Members File Competing Bills Following California Supreme Court Dynamex Decision
January 24, 2019 Update: On January 17, 2019, Assembly Bill AB 71 (Melendez) (seeking to statutorily supersede the narrow holding in Dynamex, by codifying the widely accepted factors in Borello) was referred to the Assembly Committee on Labor & Employment....
California Updates 2018 Tax Rates and Exemptions
The California Franchise Tax Board (FTB) recently updated its list of individual and corporate tax rates, exemption credits, and other fees and requirements for 2018, based upon the state rate of inflation. The current California tax rate for corporations (not banks...
