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The FTB levies a franchise tax on businesses for doing business in California. [2] The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities.
The IRS gave most people and businesses in California (as well as parts of Alabama and Georgia) a six-month extension on filing tax returns. California’s extended tax deadline is coming up. Here ...
The IRS said Monday that Californians in 55 of the state's 58 counties would not have to pay their 2022 taxes or 2023 estimated taxes until Nov. 16. Then, the state followed suit.
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The Commissioner's duties include administering, managing, conducting, directing, and supervising "the execution and application of the internal revenue laws or related statutes and tax conventions to which the United States is a party" and advising the President on the appointment and removal of a Chief Counsel of the IRS.
January 16, 2024 is the fourth and final installment deadline for tax year 2023. If you fail to meet this deadline, you may be assessed a penalty when you file your tax return. January 31
A decision by the federal government to delay the 2022 federal income tax deadline from April to November due to winter storms complicated California's ability to project revenues last year ...
Last month California Gov. Gavin Newsom announced that the state is extending its tax filing deadline for residents impacted by December and January winter storms. The new deadline is now Oct. 16,...
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