Insights

FTB Error – PTE Refunds Must be Returned

Due to errors by the California Franchise Tax Board (FTB) in its processing of passthrough entity tax payment vouchers, the FTB is erroneously issuing refunds of the 2022 prepayments of the passthrough entity elective tax that were paid with the FTB Form 3893 (PTE) vouchers. Continue Reading FTB Error – PTE Refunds Must be Returned

Estimated tax payments: Who owes them and when is the next one due?

Self-employed taxpayers generally must make quarterly estimated tax payments. But even if you’re not self-employed, you may have to make them to avoid a penalty if you don’t have enough federal tax withheld. Here are the rules. Continue Reading Estimated tax payments: Who owes them and when is the next one due?

Bonus Depreciation: Businesses Should Act Now

If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break. Continue Reading Bonus Depreciation: Businesses Should Act Now

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