Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Calif Tax Update

Posted by taxguru on February 2, 2007

 

Some interesting items in the latest FTB newsletter:

20 Questions On the new Real Estate Withholding rules

Real estate withholding – compute estimated gain or loss online – Including new Form 593–E to calculate the actual profit on real estate sales rather than be forced to have the standard 3.33% of the gross sales price withheld..

Filing Deadline – FTB hasn’t wasted any time adopting the IRS’s recently announced extended filing date for 2006 income tax returns of Tuesday, April 17, 2007.  Other state tax agencies are not as quick to address this one day discrepancy. 

 

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