California Franchise Tax Board

California Franchise Tax Board | September 28, 2016

Sacramento - Franchise Tax Board (FTB) urges taxpayers to report any suspicious emails or phone calls received from tax scammers. FTB also has updated its Report Scams, ID Theft, & Tax Fraud webpage as part of ongoing efforts to crack down on tax fraud and tax scams. The moves come as scammers continue to prey on honest taxpayers by impersonating Internal Revenue Service (IRS) or FTB employees. Through phone calls, emails, and postal mail, these fraudsters attempt to trick taxpayers into sen...

California Franchise Tax Board | September 07, 2016

Sacramento - The Franchise Tax Board (FTB) today published the 2016 state tax brackets, which are annually adjusted for inflation. Brackets are “indexed” each year to reflect changes in the California Consumer Price Index (CPI), a measure of the average change over time in the prices paid for consumer goods and services. Tax filing requirement thresholds, the standard deduction, and certain credits were adjusted along with income tax brackets based on the inflation rate of 2.1 percen...

California Franchise Tax Board | October 06, 2016

Sacramento - The Franchise Tax Board (FTB) today published its newest Top 500 Delinquent Taxpayers list, which includes individuals and businesses that collectively owe the state more than $394 million in income tax. In August, FTB sent letters to taxpayers scheduled to appear on the list. Of these taxpayers, 96 made arrangements to pay their tax debt. Another 296 individuals and 108 businesses did not pay, resulting in their inclusion on the list. The Top 500 list is published in April and in O...

Huawei | January 15, 2020

The U.S. government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said. The U.S. Commerce Department in May placed Huawei Technologies Co Ltd [HWT.UL] on a trade blacklist, citing national security concerns. That allowed the U.S. government to restrict sales of U.S.-made goods to the company and a small number of items made abroad that cont...