The Tax Professionals Blog — California
California Initiates a State EITC Beginning 2015
Posted by Lee Reams Sr. on
California has initiated an EITC beginning 2015. California and twenty-five other states plus the District of Columbia now offer an EITC. In twenty-two of these states, including California, the credit is refundable. Most states set their EITC as a portion of the federal EITC, and most states conform to the federal EITC program in other aspects such as eligibility requirements and income levels.
California Tax Preparer Sentenced to 18 Months
Posted by Lee Reams Sr. on
A former California tax preparer was sentenced Monday to 18 months in prison after pleading guilty to charges that he filed dozens of false tax returns with the Internal Revenue Service.
CTEC Raises Registration Fee to $33
Posted by Wendy Claypool on
Effective August 1, 2014, the California Tax Education Council (CTEC) will increase its annual registration fee for tax preparers from $25 to $33.
Franchise Tax Board Contacting Business Tax Non-filers
Posted by Lee Reams Sr. on
The Franchise Tax Board (FTB) is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns.
Each year FTB reviews more than 5 million income records received from the IRS, the State Employment Development Department, the State Board of Equalization, financial institutions, and other businesses.
The New IRS voluntary Annual Filing Season Program and how it effects California Registered Tax Preparers
Posted by Lee Reams Sr. on
On June 26, 2014, the IRS issued information about its new voluntary Annual Filing Season Program (AFSB).
But before you get too excited, you should know that California Registered Tax Preparers (CRTPs) will automatically be issued a Record of Completion if they are registered in good standing with CTEC for the 2014-15 year and have a valid PTIN.