Category Archives: California

Today Is Tax Day

Today is April 15th.  Besides being the 14th anniversary of “Black Friday,” it’s Tax Day in the US. If you haven’t filed your returns, file an extension NOW!  That said, if you live in a federal disaster zone it might … Continue reading

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California’s FTB Issued Incorrect 1099-G’s

This afternoon, California’s Franchise Tax Board (FTB, the state income tax agency) announced that taxpayers may have received incorrect 2024 Form 1099-G’s. The Form 1099-Gs sent by FTB for tax year 2024 may contain incorrect amounts when an estimate transfer … Continue reading

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IRS Extends California Fire Disaster Area Deadlines Until October 15th

The IRS announced this afternoon that taxpayers in Los Angeles County impacted by the current wildfires have all tax deadlines extended until October 15th. This includes: Individual and C-Corporation Tax Returns (and payments of tax) due on April 15th; Partnership … Continue reading

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2025 Tax Foundation’s State Tax Competitiveness: Some New Winners, But the Usual Losers

The Tax Foundation released its 2025 State Tax Competitiveness Index (formerly the Business Tax Climate Index).  While taxes aren’t everything in where you situate a business, they’re absolutely an important factor. If I have to pay an extra 10% in … Continue reading

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Surviving a Residency Audit

A few years ago, one of my clients (call him Bob) moved from California to Nevada.  He then had a very large capital gain (but while a Nevada resident).  At the time, I advised him that a residency examination (audit) … Continue reading

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Bozo Tax Tip #9: Ignore California!

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading

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The Train to Nowhere Needs $100 Billion More

I haven’t written about California’s bullet train in some time, but the news from the Golden State for the train leads me to conclude it will never be completed.  A news story notes that the train needs $4 to $7 … Continue reading

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San Diego County Gets Extension Until June 17th

Heavy rains and flooding in San Diego caused the area to be declared a federal disaster zone.  The IRS extended all tax deadlines in San Diego County from January 21, 2024 onward until June 17, 2024.  This includes individual, business, … Continue reading

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What’s $68 Billion and 1.1% Among Friends?

As the late Senator Everett Dirksen said, “A billion here, a billion there, and pretty soon you’re talking real money.”  California is staring at a $68 billion budget deficit.  Ouch.  California depends on personal income tax revenues for 65.9% of … Continue reading

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The Almost-End of the 2023 Tax Season

It’s been a while since I posted: family issues, tax deadlines, and paper in every direction has made me concentrate on serving my clients, and not the blog.  I’ll have a recap of the 2023 Tax Season soon, but today … Continue reading

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