The California Franchise Tax Board (FTB) released its December 2024 Tax News publication. The publication provides updates on various tax matters such as the Assembly Bill 2660 for estimated tax payment updates for taxable year 2024, the introduction of Direct File by the IRS, the resumption of business entity pre-suspension and suspension processes, and IRS updates. The document also discusses the annual liaison meetings and the 2026-2030 FTB Strategic Plan. [Cal. Franchise Tax Bd., California FTB Tax News December 2024, 11/27/24]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.