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TAX NEWS is a bimonthly publication of the California Franchise Tax Board providing information to income tax professionals about state income tax laws, regulations, policies, and procedures.
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What is franchise tax board tax?
Franchise tax board tax is a tax imposed by the Franchise Tax Board (FTB) of California on certain entities for the privilege of doing business in California.
Who is required to file franchise tax board tax?
Entities that are doing business in California or have California-source income are generally required to file franchise tax board tax.
How to fill out franchise tax board tax?
To fill out franchise tax board tax, entities need to complete the appropriate forms provided by the FTB, including reporting their income, deductions, and other required information.
What is the purpose of franchise tax board tax?
The purpose of franchise tax board tax is to generate revenue for the state of California and fund various government programs and services.
What information must be reported on franchise tax board tax?
Entities must generally report their income, deductions, apportionment factors, and other relevant information on franchise tax board tax.
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