Common Personal Income Tax Audit Issues.

• Position: FTB news

One question the FTB consistently gets from tax professionals has to do with what arc the more common audit issues are for personal income taxpayers. A large portion of the F'TB's audit adjustments originate from IRS audits of California taxpayers and these cover a wide range of issues. But, in terms of what FTB auditors focus on when it initiates an audit, some of the more common areas are:

* Sales of personal or real property, including like-kind exchanges;

* Shareholder/partner/owner's basis in...