Stopping the Bleeding…California MyFTB being Upgraded

With the IRS and large retailers getting hacked, the California Franchise Tax Board is hoping to do better with security and is doing an identity verification upgrade to the MyFTB system . Taxpayers and tax practitioners who have existing accounts on MyFTB can continue to use those accounts during the upgrade but no new accounts …

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California’s New College Access Tax Credit

California recently passed a new personal and corporate California tax credit called the College Access Tax Credit (CATC). If you donate to the College Access Tax Credit Fund, you can offset your California taxes by 60% (for 2014) of the amount of the donation. In addition, the donation qualifies as a charitable deduction on your …

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