Starting July 1, 2011 the combined statewide sales and use tax decreased from 8.25 % to 7.25%. The temporary increase implemented in April 2009 expired on June 30th, 2011. Remember that district taxes still are applicable, so the tax rates in most cities and areas of California
Read more →Repaying the First-Time HomeBuyer Credit (FTHBC) 2010 was the first year the IRS started notifying taxpayers who claimed the first-time homebuyer credit of the repayment requirements. The letters explain if and when you have to repay the credit. There are 3 different situations you can be in:
Read more →Franchise Tax Board – Tax News Alert! The Patient Protection and Affordable Care Act signed by the President in March of 2010, requires employee benefit plans that provide coverage for family members to cover the employee’s adult children under the age 27 whether or not they qualify
Read more →News Release 01.18.2011 SACRAMENTO – While most people are working on their 2010 state tax returns, the Franchise Tax Board (FTB) today announced that it is contacting more than 900,000 people who did not file a 2009 state income tax return. FTB finds nonfilers by using more
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