New E-fiLe requirement for business entities.

• Position: FTB

Assembly Bill 2754 was signed into law Sept. 19. Beginning Jan. 1, for taxable years beginning on or after Jan. 1, 2014, any business entity that files an original or amended tax return prepared using tax preparation software is required to electronically file (e-file) their return with the FTB unless a waiver is obtained for the following reasons:

* Technology constraints: The inability of the tax preparation software used by a taxpayer to electronically file the return due...