The California Franchise Tax Board (FTB) June 22 issued a reminder to taxpayers to plan ahead and withhold the correct amount of taxes from their paychecks to account for changes in federal tax law. The Chairman of the FTB encourages taxpayers to take advantage of the calculator offered by the IRS to avoid a tax bill and potential penalties when filing next year’s returns. Employees should fill out a new Form W-4 and present it to their employer. [Cal. Franchise Tax Bd., FTB Press Release, 06/22/19]
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