Page 41 - Fee Administration News Today

Pursuant to BPC §24049.5 and RTC §6796, the California Department of Tax and Fee Administration (CDTFA) will sell a Type 47 Liquor License #472603, issued for San Francisco County. A public auction will be held at the State Office Building Auditorium, First Floor, 1515 Clay St, Oakland, CA 94612, on 5/18/21 at 10:00 a.m. unless the total liability of $389,638.29 is paid by the licensee, Black Rabbit Hospitality Incorporated. Minimum bid: $142,000.00. Contact CDTFA at (650) 502-1625 or (650) 5...

To embed, copy and paste the code into your website or blog: Much to the recent surprise of many in the tax community, the California Department of Tax and Fee Administration (“CDTFA”) is able to adopt or amend regulations without the normal review process by the Office of Administrative Law (“OAL”) under the Administrative Procedures Act (“APA”). SB 86, The Taxpayer Transparency and Fairness Act of 2017, established the CDTFA.  Tucked away in Section 5, Part 8.7, Chapter 4 (Regul...

Posted By Kimberly Wear@kimberly_wear on Mon, Apr 5, 2021 at 4:23 PM North Coast state Sen. Mike McGure has introduced a bill that looks to create a statewide system for collecting taxes from short-term rentals to aid cities and counties in accessing "untapped revenue," according to a release from his office. Senate Bill 555 would require short-term rental services like Airbnb and VRBO to collect the taxes from customers as they signed up the online pla...

To embed, copy and paste the code into your website or blog: Those who are thinking about entering the cannabis industry often have questions about how California taxes the production, storage and sale of the popular drug. Fortunately, California Department of Tax and Fee Administration (CDTFA) provides an in-depth guide on what is eligible to be taxed and what the effective tax rates of cannabis and cannabis-based products are. Cultiva Law provides you with this overview of California’s taxa...

By Lauri Kibby. The inexorable march toward legalized marijuana for recreational use continues to gather moment...

State pot-related tax revenues now at $2.07B FAIRFIELD — What cities and other local jurisdictions have made in cannabis-related taxes is not part of the nearly $2.1 billion collected by California since 2018. The state Department of Tax and Fee Administration reported Friday that the state collected $236.4 million from the pot industry in the final three months of 2020, though that number is expected to go up when late reporting allowed due to Covid-19 comes in. That fourth-quarter figure re...

How The Remote Sales Tax Legal Landscape Is Evolving By Liz Armbruester Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our California newsletter You must correct or enter the followin...

Tax filing season is here. The California Franchise Tax Board (FTB) and the federal Internal Revenue Service (IRS) are now accepting and processing returns for 2020 income. The IRS has made programming updates following December 2020 tax law changes that provided a second round of economic impact payments. Under these changes, eligible individuals will receive any stimulus funds not yet received as a Recovery Rebate Credit when they file a federal tax return on their 2020 income. For faster ref...

California Franchise Tax Board List of New Changes for Filing 2020 Tax Returns Published: Sunday, 14 February 2021 06:05 February 14, 2021 - California Franchise Tax Board: Whats new for filing 2020 tax returns. Resident state tax filers list For taxable years beginning on or after January 1, 2020, taxpayers will include the address and county of their principal residence on either: Form 540, California Resident Income Tax Return Form 540 2EZ, California Resident Income Tax Return This is...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.