Spidell's California Minute

This week we're covering recent changes to the reinstated Medi-Cal asset limit.

This week, we're covering Proposition 19 base-year value transfers for taxpayers over age 55.

This week, we're covering making sure that taxpayers claim all the withholding they are entitled to, and which notices the FTB may send.

This week we're covering the new electric vehicle rebate program created by SB 168, which has been signed by the Governor.

This week we're covering some of the propositions that will be on the ballot in November, including Proposition 40, the wealth tax.

This week we're covering the FTB's recent legal ruling clarifying when a discretionary trust beneficiary becomes noncontingent.

This week, we're covering California's final budget deal, which contains numerous tax changes.

This week we're covering P.L. 86-272, which protects businesses from being assessed state income tax if their only activity in a state is the solicitation of orders.

This week we're covering the different notices the FTB sends to taxpayers when they need to confirm their identity.

This week we're covering California's one-time penalty abatement program, including how it differs from the IRS's First Time Abate program.

This week we're covering a budget proposal to tax electronic digital products and services, and the questions this proposal raises.

This week we're covering what constitutes a superseding return for the purposes of making or revoking a passthrough entity tax election.

This week we're covering the tax changes in the Governor's revised budget proposal.

This week we're talking about the process for filing a protective claim for refund.

This week, we're covering the consequences of failing to file Form 3840, California's like-kind exchange form.

This week we're covering the refund intercept programs the FTB uses when a taxpayer owes money to another agency.

This week we're covering federal and California law changes that taxpayers need to consider when deciding whether to make the June 15 prepayment.

This week we're covering California conformity to federal alimony treatment.

This week we're covering California's treatment of Trump accounts and contributions.

This week we're covering LLC filings, and the answers to questions we get frequently from tax practitioners.

This week we're talking about entities that ceased doing business but never dissolved, and what their options are.

This week we're covering California nonconformity to the federal rules for business meals and entertainment.

This week we're covering tips for truly becoming a nonresident, as well as things not to do when trying to change residency.

This week we're covering the purpose of the economic nexus thresholds when taxpayers who fall below the thresholds are still being determined to be doing business in California.

This week we're covering the answers to questions wqe've been getting about which employers need to register for CalSavers before the end of the year to avoid penalties, including household employers and employee owners.

This week we're covering the top 10 things to know about filing Form 540 for 2025.

This week we're talking about tax planning for dissolutions that happen at the end of the year.

This week we're covering important end-of-year tax-saving opportunities that your clients won't want to miss out on.

This week we're looking at various provisions that California now does or does not conform to following the passage of SB 711.

This week we're covering ways to reduce tax caused by the elimination of California's SDI wage base.

This week we're covering California's recent conformity to TCJA alimony provisions, and which taxpayers are affected.

This week we're covering new California conformity to retirement contribution deductions, following the passage of California's conformity bill SB 711.

This week we're covering some changes to the California requirements to obtain a new CPA license and new exemptions from CTEC registration.

This week, we're covering the Medi-Cal asset test, which was phased out in 2024 but will be reinstated starting in 2026.

This week we're covering filing tips for taxpayers whose wildfire postponed filing deadline is approaching on October 15.

This week, we're covering changes to how certain multistate service providers, including tax professionals, apportion income to California.

This week we're covering an expanded income exclusion for certain taxpayers who received settlements to cover wildfire-related expenses.

This week we're covering when community ends for the purposes of community property laws.

This week we're covering the pros and cons of filing as married filing separate.

This week we're covering what to do in an FTB residency audit.

This week we're covering entity identification numbers and classification changes.

This week we're covering what to do when an estranged spouse won't provide the required tax information.

This week we're covering some recently enacted property tax law changes.

This week we're covering California nonconformity to the provisions of the One Big Beautiful Bill Act.

This week we're covering how to avoid real estate withholding errors related to sales by trusts.

This week we're covering changes to California's passthrough entity elective tax, following the passage of SB 132.

This week, we're covering the basics of the CalKIDS savings program because schools will begin notifying families about the accounts starting with this school year.

This week we're covering reporting income after a taxpayer leaves California.

This week, we're covering the CalSavers registration requirement for businesses with at least one California employee.

This week we're covering reporting issues for workers who are classified as California employees and federal independent contractors.