California Tax Attorney Blog

Curious about what tax law changes occurred in California that impacts your income tax return (Form 540)? The Franchise Tax Board (FTB) publised a summary of those changes which you can view here.

Some of the tax changes cover these topics:

Electronic payments

Mortgage forgiveness debt relief

Net operating loss

Tax shelters

Business tax credit limitation

Estimated tax payments

Same-Sex married couples

Voluntary contributions

Third party designee

Conformity

Rice Straw Credit

Withholding on California Real Estate

Consult your tax preparer to determine whether any of these changes may apply and benefit you.