FTB news.

Summary of Federal Tax Changes

There has been a great deal of interest and attention paid to the recent federal law changes. To help CPAs and other financial professionals better understand the extent of the federal changes and their impact on California's tax laws, the FTB's Legislative Services Bureau released its Summary of Federal Tax Changes.

This report explains the new 2017 federal laws along with the effective dates and the corresponding California law (if any) including an explanation of any changes made in response to the new federal law. It also includes the impact on California revenue if California were to conform to applicable federal changes.

For more, visit calcpa.org/FTBsummary.

State's Top 500 Tax Delinquents Owe More Than $505M

The FTB's newest list of the top 500 delinquent taxpayers includes individuals and businesses that collectively owe the state more than $505 million in income tax.

A list is published twice a year and since its inception in October 2007, the FTB has collected more than $798...