The IRS and CA FTB has extended the deadlines for filing and paying income and franchise taxes for taxpayers impacted by the wildfires in Los Angeles. Accordingly, Los Angeles County taxpayers will be given an extension until October 15, 2025, to submit their 2024...

This is a reminder that Assembly Bill 150 (AB 150) allows Passthrough Entities to have tax paid at the entity level rather than the individual level which permits PTE owners to bypass the deduction limitation. Single Member LLCs are not considered PTEs under AB 150. A...

All California Corporations and Limited Liability Companies are required to pay an annual tax/fee of $800 to the State of California Franchise Tax Board on or before April 15th of each year. We strongly urge you to go ahead and make this payment even though there is...

The IRS has granted filing extensions for California individual and business taxpayers impacted by recent storms. The Franchise Tax Board has also conformed to the extended filing and payment deadlines for many taxpayers in California until October 16, 2023. This...