California Taxpayer Information for 2024 Filing Season
The California Franchise Tax Board has released information for the 2024 tax filing season, highlighting tax credits, disaster loss relief, and electronic filing benefits. Taxpayers are reminded of the April 15 deadline and encouraged to use online services for faster refunds and information.
California Tax Relief for San Diego Flood Victims
The California Franchise Tax Board announced tax relief for San Diego County residents affected by recent flooding. Affected individuals and businesses have until June 17, 2024, to file tax returns and pay taxes due between January 21 and June 17, 2024.
California Tax Filing Deadline Reminder
The California Franchise Tax Board (FTB) is reminding taxpayers that October 15, 2025, is the deadline to file 2024 state personal income tax returns to avoid penalties. The notice also highlights available free filing services and warns about potential tax scams.
California Tax Deadline October 15 for 2023 Returns
The California Franchise Tax Board (FTB) is reminding taxpayers that October 15, 2024, is the deadline to file 2023 state personal income tax returns to avoid late filing penalties. Taxpayers are encouraged to file electronically and can claim various cash-back credits if eligible.
FTB Partners with IRS for Free Tax Filing
The California Franchise Tax Board (FTB) is partnering with the IRS to offer free tax filing services through CalFile and IRS Direct File. A new feature allowing data import from Direct File to CalFile is expected in January 2026, aiming to simplify tax filing for Californians.
IRS Denies Tax Exemption Under IRC Section 501(c)(3)
The IRS has issued a final determination denying tax-exempt status to an organization under IRC Section 501(c)(3). This denial means donors generally cannot deduct contributions, and the organization must file federal income tax forms within 30 days.
IRS Denies Federal Tax Exemption Under IRC 501(c)(3)
The IRS has issued a final determination denying a federal tax exemption under IRC Section 501(c)(3) to an organization. The organization failed to protest a proposed adverse determination within the required 30 days. As a result, donors generally cannot deduct contributions to this organization.
IRS Final Adverse Determination for 501(c)(6) Tax Exemption
The IRS has issued a final adverse determination revoking tax-exempt status for a 501(c)(6) organization. The organization failed to protest a proposed adverse determination within the 30-day window, making the revocation final. The organization must now file federal income tax forms within 30 days.
IRS Denies Tax Exemption for IRC 501(c)(3) Organization
The IRS has issued a final determination denying tax-exempt status to an organization under IRC Section 501(c)(3). The organization failed to file a protest within 30 days of a proposed adverse determination, making the denial final. Consequently, contributions to the organization are generally not tax-deductible.
IRS Final Adverse Determination for 501(c)(19) Exemption
The IRS has issued a final adverse determination revoking tax-exempt status for an organization under IRC Section 501(c)(19). The organization failed to file a protest within 30 days of a proposed adverse determination.
IRS Denies Tax-Exempt Status Under IRC 501(c)(3)
The IRS has issued a final determination denying tax-exempt status to an organization under IRC Section 501(c)(3). The organization failed to file a protest within 30 days of a proposed adverse determination. As a result, donors cannot deduct contributions, and the organization must file federal income tax forms.
IRS Approves Educational Grant Procedures for Private Foundations
The IRS has approved the educational grant procedures for a private foundation under IRC Section 4945(g)(3). This approval ensures that grants awarded under these procedures will not be considered taxable expenditures for the foundation.
IRS Written Determination 202611008 - Qualified Opportunity Fund Certification Extension
The IRS has released Written Determination 202611008, granting a taxpayer an extension of time to self-certify as a Qualified Opportunity Fund (QOF) by filing Form 8996. This determination provides guidance on relief for late elections under sections 301.9100-1 and 301.9100-3.
IRS Written Determination: Extension of Time for Entity Classification Election
The IRS released Written Determination 202611007, granting a foreign company an extension of time to file an election to be classified as a disregarded entity for federal tax purposes. This determination provides relief under § 301.9100-3 for a late filing of Form 8832.
IRS Private Letter Ruling on Portability Election Extension
The IRS has issued Private Letter Ruling 202611006, granting an extension of time for a decedent's estate to make a portability election. This ruling allows the surviving spouse to utilize the deceased spouse's unused exclusion amount.
IRS Determination on FPA Issuance and NAP Mailing Rules
The IRS has issued a determination regarding the issuance of FPA (presumably related to tax forms or filings) and rules for NAP (likely a mailing process). This guidance clarifies specific procedural requirements for taxpayers and the agency.
IRS Approves Scholarship Procedures Under IRC Section 4945(g)(1)
The IRS has approved the scholarship procedures of a private foundation under IRC Section 4945(g)(1). This approval ensures that grants made under these procedures will not be considered taxable expenditures for the foundation and may not be taxable to recipients if used for qualified expenses.
IRS Grants Substitute Mortality Tables for Pension Plans
The IRS has granted a request from a taxpayer to use substitute mortality tables for pension plans (Group B) for computations under section 430 of the Internal Revenue Code. This ruling is effective for up to 5 plan years beginning with the 2026 plan year.
IRS Ruling on Substitute Mortality Tables for Pension Plans
The IRS has granted a ruling allowing certain aggregated non-union pension plans (Group A) to use substitute mortality tables for computations under section 430 of the Internal Revenue Code. This approval is effective for up to 5 plan years beginning with the 2026 plan year.
IRS Approves Tax-Exempt Status for Supporting Organization
The IRS has approved a tax-exempt status for a supporting organization under IRC Section 501(c)(3) and as a non-functionally integrated Type III supporting organization under IRC Section 509(a)(3). The approval is for a set-aside request to fund the construction of a firefighting training facility.
IRS Internal Revenue Bulletin 2026-12
The IRS published Internal Revenue Bulletin 2026-12, including Notice 2026-17 and Rev. Proc. 2026-11. Notice 2026-17 announces forthcoming proposed regulations on section 987 foreign currency gain or loss, and Rev. Proc. 2026-11 provides specifications for substitute employment tax forms.
Trump Tariffs Impact on US Households and Trade
A Tax Foundation analysis estimates that new tariffs imposed under Section 122 will increase taxes per US household by $600 in 2026. This follows a Supreme Court ruling that limited the scope of previous tariffs imposed under IEEPA, reducing the average applied tariff rate.