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Friday, April 18, 2014
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Author Archive: Franchise Tax Board

FTB reports statewide median income up in 2012

SACRAMENTO — The statewide median income for all 2012 individual tax returns was $35,910, an increase of 3.5 percent over 2011’s median income amount. For joint returns, the statewide median income was $70,938, an increase of 4.1 percent over 2011, according to the Franchise Tax Board (FTB). “Median income” is the point where one half […]

Taxpayers warned of new tax scams

SACRAMENTO — With the tax season upon us, the Franchise Tax Board (FTB) is reminding taxpayers to be wary of theft ploys involving scammers attempting to mimic FTB to obtain access to your personal information. “Do not give out Social Security, bank or credit card numbers over the telephone or by e-mail to anyone who […]

Franchise Tax Board warns public of scams

SACRAMENTO — The Franchise Tax Board Oct. 22 warned taxpayers of theft ploys involving scammers attempting to use FTB’s likeness for their personal gain. “If you receive a questionable solicitation, contact FTB immediately and talk to a live agent to review your account,” said State Controller and FTB Chair John Chiang. “Taxpayers should protect their […]

State contacting businesses to file 2011 tax returns

SACRAMENTO — The Franchise Tax Board is contacting more than 90,000 California business entities that have not filed their 2011 state income tax returns. Businesses contacted by FTB will have 30 days to file a tax return or show why there is no filing requirement. Taxpayers who do not file tax returns or demonstrate to […]

FTB sends ‘Head of Household’ audit letters

SACRAMENTO — The Franchise Tax Board announced mailing more than 100,000 audit letters to taxpayers to verify their “Head of Household” (HOH) filing status on their 2012 state tax return. Each year FTB reviews tax returns of taxpayers who claim the HOH filing status because the qualifications are commonly misunderstood. You can generally claim the […]

Statewide median income up in 2011

SACRAMENTO — The statewide median income for all 2011 individual tax returns was $34,684, an increase of 2.2 percent over 2010’s median income amount. For joint returns, the statewide median income was $68,122, an increase of 3.6 percent over 2010, according to the Franchise Tax Board (FTB). “Median income” is the point where one half of the tax […]

State tax filing season officially opens

SACRAMENTO — The Franchise Tax Board Jan. 8 announced it is now accepting 2012 state tax returns, and announced the following updates on law changes and filing services for California taxpayers. American Taxpayer Relief Act of 2012 Due to changes contained in this federal legislation, the California Schedule CA (540 & 540NR), 540/540A and 540NR […]

State wants to return $14M in undelivered tax refunds

The Franchise Tax Board (FTB) announced it is holding more than $14 million in returned state income tax refunds. “I want to make sure all taxpayers receive their refunds and as quickly as possible,” said State Controller John Chiang, who chairs the FTB. “This is an easy way update your contact information and get the […]

FTB auditing ‘Head of Household’

SACRAENTO — The Franchise Tax Board (FTB) announced mailing more than 120,000 audit letters to taxpayers to verify their “Head of Household” (HOH) filing status on their 2011 state tax return. Each year FTB reviews tax returns of taxpayers who claim the Head of Household filing status because the qualifications are commonly misunderstood. You can […]

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