California FTB Publishes February 2021 Newsletter
Citations: Tax News February 2021
SUMMARY BY TAX ANALYSTS
The California Franchise Tax Board published the February issue of Tax News, highlighting changes for filing 2020 tax returns, including updates to COVID-19 relief, credit programs, worker classification, passthrough entity withholding, and exemptions; like-kind exchange compliance efforts; healthcare forms; recent chief counsel rulings; unclaimed property report deadline extensions for life insurance companies; and blank or incomplete corporation tax returns.