How To File A Claim For Refund
California Department of Tax and Fee Administration publication 117, Filing a Claim for Refund, details the general requirements for filing a claim for refund and includes form CDTFA-101, Claim for Refund or Credit, and instructions. Mail claims to:
The Fuel Tax programs also have some special requirements not included in publication 117. Be sure to review the Program Specific Guidelines and Procedures for the individual Fuel Tax programs to ensure you include all required information with your claim for refund.
Failing To Pay Your California Taxes & Extensions
If you fail to pay your California taxes, you’ll owe a 5% monthly penalty on the amount due until you pay in full. If you underpay your taxes, you’ll owe a penalty of up to 5% of the unpaid tax and an additional half of a percent of that amount every month until paid in full.
In January of each year, the FTB activates the E-file.com system on its website for those who wish to file online. Taxpayers can get an automatic extension of six months to file taxes if they don’t owe any money or are expected to receive a refund. Individuals who owe taxes can request an extension until October 15, but they should pay the estimated amount of tax that they owe by April 15 in order to avoid penalties.
Need Help With Your State And Federal Expatriate Tax Return Or California Tax Credits
Not sure how to file California taxes for expats? Not to worry. Our team of expat-expert CPAs and IRS Enrolled Agents are here to help even with determining California taxes for expats or California tax credits! Get started now to be matched with an accountant who will review your individual situation today and confirm what you need to file. Or, feel free to check out our helpful US Expats Tax Guide to learn more.
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Earned Income Tax Credit
The Earned Income Tax Credit is a tax credit for people who have earned a low to moderate income. EITC is the #1 antipoverty program in the U.S. As of December 2020, approximately 25 million eligible workers and families nationwide received roughly $62 billion back from the EITC.
Eligible households can receive up to $6,728.
To qualify, you must:
- Be a dependent of another person
What else you should know:
- Claiming tax credits is not considered income and will not affect any of the other public benefits you might receive. Tax credits, like the CalEITC and EITC, are not considered public benefits under the U.S. Citizenship and Immigration Services public charge rule.
- The federal EITC is only available for those filing with a Social Security Number . Unfortunately, tax credits are not yet available at the federal level for Individual Tax Identification Number filers. Read on for other tax credits that are now eligible for ITIN filers.
Step : Federal Taxes With The Irs
Your PTA will need to file its federal taxes annually:
- If your PTA has gross receipts of $50,000 or less, you can file a 990N electronically
- If your PTA has gross receipts of $50,000 or more, you would need to file a Form 990EZ or Form 990
- For tax years ending July 31, 2021, and later, Form 990EZ MUST be filed electronically. For tax years ending July 31, 2020, and later, Form 990 MUST be filed electronically.
Once you have filed the 990N, 990EZ or 990, go to Step 3.
NOTE: The IRS defines gross receipts as the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses. Do not include membership dues or founders day contributions that are passed on to council, district and state in this number.
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California States Taxes For Expats And Non
If you are a non-resident of California and have California-sourced income, you may have to file a California tax return. However, the following kinds of California income are not subject to California tax for non-residents:
- Investment income such as interest, dividends, and capital gains from stocks or bonds. Generally, these are considered to have their source where you are a resident. However, if investment accounts are used in a trade or business located in California, or pledged as security for a loan and the loan proceeds are used in California, then you must file a state income tax return and report the income from these accounts.
- A California retirement plan distribution to a non-resident is not subject to California tax. Since 1995, non-residents are not taxed by California on California-sourced pensions, lump sums from qualified plans, and IRAs.
If all of your California income falls into one or both of these kinds of income, as a non-resident, you do not have to file California state taxs for expats.
If you are a California non-resident and receive any other kind of income from property located in California, such as rental property, income from a California partnership or LLC, gain from the sale of land in California, etc., you should file a California state tax return.
Step : Charitable Trusts With The Attorney General
Your PTA will need to file an RRF-1 with the Attorney Generals Office of Charitable Trust annually.
Once you have filed all taxes, this is the last step:
- Complete the Registration Renewal form
- To assist in preparing your RRF-1 download the annotated RRF-1
- Complete, print and mail RRF-1.
If gross annual receipts are normally $50,000 or less and your PTA filed a 990N, form CT-TR-1 is also required.
- Complete the Treasurers Report form
- To assist in preparing your CT-TR-1, download the annotated CT-TR-1
- Include lists of Other Assets, Other Liabilities, Other Revenue and Other Expenses
- Complete, print and mail CT-TR-1 along with form RRF-1
NOTE: Dont forget to include your fee and a copy of your PTAs Form 990EZ or 990. If you filed a 990N a copy of the confirmation is not required. Also, if you filed for an extension with the IRS, you are also granted an extension for the RRF-1.
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Supreme Court Oks Handover Of Donald Trump Tax Returns To Congress
SCOTUS cleared the way for the handover of former President Donald Trump’s tax returns to a congressional committee after a 3 year legal fight.
WASHINGTON D.C. — The Supreme Court on Tuesday cleared the way for the imminent handover of former President Donald Trump’s tax returns to a congressional committee after a three-year legal fight.
The court, without comment, rejected Trump’s plea for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some of his businesses to the Democratic-controlled House Ways and Means Committee.
It was Trump’s second loss at the Supreme Court in as many months. In October, the court refused to step into the legal fight surrounding the FBI search of Trump’s Florida estate that turned up classified documents.
In the dispute over his tax returns, the Treasury Department had refused to provide the records during Trump’s presidency. But the Biden administration said federal law is clear that the committee has the right to examine any taxpayer’s return, including the president’s.
Lower courts agreed that the committee has broad authority to obtain tax returns and rejected Trump’s claims that it was overstepping and only wanted the documents so they could be made public.
Just over three weeks later, the court lifted Roberts’ order with no noted dissents.
California Franchise Tax Board Extends Tax Deadline To Hurricane Ian Victims
By Christian Burgos, National Co-Leader, State & Local Tax
On October 5, 2022, the California Franchise Tax Board announced special state tax relief for individual and business taxpayers affected by Hurricane Ian. ).
Individuals and businesses in presidentially declared disaster areas are granted an extension until , to file California tax returns on 2021 income and make any tax payments that would have been due between September 23, 2022, and February 15, 2023.
Affected taxpayers who would have had an October 17, 2022, tax filing deadline now have until February 15, 2023, to file. However, tax year 2021 tax payments originally due on April 18, 2022, are not eligible for the extension.
On September 29, 2022, the IRS announced that taxpayers affected by Hurricane Ian in Florida have an extension to file various individual and business tax returns, and make tax payments, until February 15, 2023. . The California FTB automatically conforms to IRS postponement periods for presidentially declared disasters.
Taxpayers are instructed to write the name of the disaster in blue or black ink at the top of their tax return to alert FTB. For electronically filed returns, taxpayers should follow the software instructions to enter disaster information: If an affected taxpayer receives a late filing or late payment penalty notice related to the postponement period, the taxpayer should call the number on the notice to have the penalty abated.
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Residency Status Information For California Returns
Resident: Any individual who is:
- In California for other than temporary or transitory purposes, or
- Domiciled in California, but outside California for temporary or transitory purposes.
Part-year resident: Any individual who is a California resident for part of the year and a nonresident for part of the year.
Nonresidents: Any individual who is not a resident.
Beer And Wine Importer Tax Return Cdtfa
BEER AND WINE IMPORTER RETURN
Pursuant to Alcoholic Beverage Tax Regulation 2538, every beer and wine importer shall on or before the 15th day of the month following the close of each reporting period, file CDTFA-501-BW, Beer and Wine Importer Tax Return and the CDTFA-269-BW, Beer and Wine Imported into California, reporting all shipments of beer and wine received from a point outside of California. A wine grower holding both a winegrowers license and a beer and wine importers license shall include the total imports of wine for the reporting period on the CDTFA-501-WG, Winegrower Tax Return and CDTFA-269-WG, Wine Imported into California, report. A beer manufacturer holding both a beer manufacturers license and a beer and wine importers license shall include the total imports of beer on the CDTFA-501-BM, Beer Manufacturer Tax Return and CDTFA-269-BM, Beer Imported into California, report.
GENERAL
The California Department of Tax and Fee Administration administers the California Alcoholic Beverage Tax Law in cooperation with the Board of Equalization. The law includes the state excise taxes imposed upon the importation and sale of beer and wine. The tax rates for this law as they relate to the importation of beer and wine are located at our rates page.
FILING REQUIREMENTS
PENALTY FOR LATE FILING
COMPLETING THE RETURN
Initial Questions
Select Yes or No
How would you like to add the CDTFA-269-BW Beer and Wine Imported into California schedule to your return?
Beer
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Ca Tax And Accounting Firm Serving Sacramento And Roseville
Cook CPA Group is a California tax and accounting firm serving businesses and individual taxpayers throughout the Sacramento and Roseville regions. Featuring skilled tax accountants and consultants, our accomplished team of financial professionals brings more than 20 years of combined experience to the clients we serve. If you or your business owes taxes to the state of California, has unfiled returns to catch up on, needs help resolving a tax controversy, or simply has questions about effective tax planning or FTB procedures, Cook CPA Group can provide detailed, step-by-step guidance for all your California and federal tax needs. To arrange a free consultation about our tax services in California, contact Cook CPA Group online, or call us today at 269-9282.
Consulting Services
Business Return Electronic Filing Information
Business Electronic Filing Mandate – Effective January 1, 2015, for taxable years beginning on or after January 1, 2014, California law requires business entities that prepare an original or amended return using tax preparation software to electronically file their return to FTB. Any business entity required to file a tax return electronically under R& TC Section 18621.10 may annually request a waiver from their e-file requirement.
For more information, visit the CA FTB Tax Professionals website and click Business e-file Requirement.
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Chat With Charlie Unread Messages
The Educator School Supply Tax Credit and the Return of Fuel Charge Proceeds to Farmers Tax Credit have received Parliamentary approval. This means that the CRA can now process your 2021 income tax and benefit return if you claimed these credits. Contact Us if you have questions.
Find out what’s new for the 2021 tax season and your filing and payment due dates. Begin by gathering your documents to report income and claim deductions, and choose how you want to file and send your completed tax return to the CRA.
Free Online Tax Filing For California Returns
United Way has joined forces with H& R Block as well as the Internal Revenue Service to offer Orange County California residents two opportunities to have their taxes prepared and filed for free. One way is through MyFreeTaxes.com if you have a simple return. It is a safe, secure way of filing and supports California taxpayers in increasing their refunds while saving money on tax preparation services.
Another option is to utilize OC Free Tax Preps Virtual Service where an IRS-Certified volunteer will prepare your federal and state tax return for free if you qualify.
Free tax filing services can benefit not just those who may have trouble affording the filing process, but also people who are unsure whether they need to file at all or who are looking to receive the EITC or CalEITC tax credits. You can feel confident that your taxes are being prepared accurately, and you are receiving all of the credits and refunds you qualify for.
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Do I Have To File A California State Tax Return If I Live Abroad
In California, as in most states, residents are taxed on all income no matter where it was earned or where the property is located. Those living abroad who are considered residents of California will have to file California taxes for expats.
You may also have to file California state taxes if any of your income-producing assets are located in California. Even as a non-resident of California, you may have to file a California state return to report your California-sourced income. For example, you would need to report rental income from a property located in California on your state taxes.
If you have to file a California state tax return while living overseas, this will be in addition to your Federal Tax Return each year.
California Residents Must File State Taxes
If you left California temporarily intending to return, the state of California will likely determine that your stay outside of the state was not permanent or indefinite. In that case, you would continue to be considered a California resident and would have to file a California state tax return, including all your income.
If you were a California resident for only part of the year, you will still have to file a California tax return for that year.
Keep in mind, your California state tax return requirement is in addition to your federal expatriate tax return.
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Step : State Taxes With The Franchise Tax Board
Your PTA will need to file its state taxes annually:
- If your PTA has gross receipts of $50,000 or less, you can file a 199N electronically.
- If your PTA has gross receipts that are normally greater than $50,000, your PTA will need to file a Form 199.
- Once you have filed the 199N or Form 199, go to Step 4.
YOURE ALMOST DONE!
How To Prepare For Taxes On Your Crypto
Its been a rough year for crypto and crypto investors. The seemingly endless crypto winter, numerous exchange collapses and the ongoing FTX debacle have pushed prices down and triggered ballooning losses. Yet, investors still need to think about their cryptos when filing their taxes.
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The Internal Revenue Service says virtual currency is treated as property for federal tax purposes. General tax principles applicable to property transactions apply to transactions using virtual currency, according to the IRS.
In turn, this means that capital gains and losses need to be reported and generally will have a consequence on your taxes. Taxes are due when you sell, trade or dispose of cryptocurrency in any way and recognize a gain. Heres how to prepare.
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For How Many Years Must I File Back Taxes
I have not filed taxes in 10 years and want to file now. How many years must I go back?
I commend you for wanting to file for the years you missed. If you owe no taxes, you probably will have no problems with either the Internal Revenue Service or the California Franchise Tax Board , assuming you reside in California. Be aware, however, that you will not receive refunds more than three years old. So, for example, if you filed all your returns for tax years 2002 through 2011 by April 15, 2013, you will only receive refunds for tax years 2009, 2010 and 2011.
Even if you believe you are due a refund, it is to your advantage to file your income tax return. If you don’t file a return, the IRS may file a substitute return on your behalf based on the information reported to it by your employers, banks and stockbrokers. Such a filing likely will not include all your exemptions, credits and deductions. So the IRS might find that you owe taxes. The FTB also requires you to file if you meet certain income levels.
If you owe back taxes, consult a qualified tax preparer such as a CPA as well as legal counsel. These professionals can help you find any deductions and credits that will reduce your overall tax bill. They can also negotiate with the IRS and FTB to set up a payment schedule you can reasonably meet. Tax laws change so the quicker you attend to this matter, the better.
