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California Franchise Board News
State asks homeowners to stop deducting some taxes
The California Franchise Tax Board is leaning on taxpayers and tax preparers to start complying with a widely ignored law that prevents property owners from deducting certain real estate taxes on their income tax...
Read more...Capitol Alert: Republican Barbara Ortega to run for 8th Assembly District
Sacramento Republican Barbara Ortega announced today that she will run to represent the 8th Assembly District in the state Assembly, a swing seat that is expected to be a top legislative target this year. Ortega is the fifth candidate to enter the race for a vacant East Sacramento County seat.
Read more...California Gasoline Consumption Down 1.8%, Diesel up 4.8%
Gasoline consumption in California declined 1.8 percent in October 2011 while diesel fuel consumption increased 4.8 percent according to a report released today by California State Board of Equalization Chairman Jerome E.
Read more...Time for taxes means time for questions
With tax season getting under way, today I'll answer reader questions about property taxes, the new Medicare surcharge starting in 2013 and how to get those old-fashioned paper tax forms. Q: Tony G. asks, "Has anything...
Read more...Sizzler Inks Milestone Multi-Unit Franchise Deal to Develop New San Francisco Bay Area Restaurants
CULVER CITY, Calif., Feb. 7, 2012 /PRNewswire/ -- Following a three-year hiatus from new franchise expansion, Sizzler, the 53-year-old family-casual steakhouse, announced a deal with proven restaurateur, ...
Read more...Ask the Experts: Stock loss for 2000 likely too late to claim
With the April 17 tax- filing deadline just a few months away, questions about state and federal taxes are brewing. This week, IRS tax expert Jesse Weller and Daniel Tahara of the state Franchise Tax Board offer tax answers. Next week, we'll introduce a new group of local experts to answer your questions on personal finances, investing and wills/trusts.
Read more...Revenooer Rants: Nonresident challenge irks California FTB
And perhaps such was the case with taxpayer Hughes, who had moved to Tennessee, but continued his employment in California — putting up with a sizable commute.
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