Committee on Taxation

Mission: Provide up-to-date information and guidance to members on tax laws, programs and regulations. Maintains liaison with the IRS, FTB, BOE and EDD. Review and respond to proposed tax legislation, regulations and revenue rulings.

* This is a state committee with corresponding chapter committees.


2018-20 Chair:

  • Melody Thornton

Recent News:

The Committee on Taxation sent a letter to key Congressional committees urging them to ensure that the IRS is sufficiently funded during the budgetary process. Appropriate resources are required for the IRS to provide the efficient, effective and high-quality services that are desired by Congress and expected by taxpayers.

The Treasury and IRS will be charged with implementing complex and material changes to the federal tax laws following the recent tax reform legislation. This will require the development and employment of regulations, guidance and new publications­—as well as hiring and training staff to facilitate this process. An increase in calls for assistance is anticipated and we encourage Congress to make sure the IRS has the resources necessary to provide accurate guidance and timely assistance to taxpayers and tax practitioners.

Additionally, this effort was coordinated with, and consistent with, similar letters recently sent by the Texas Society of CPAs, the AICPA and other leaders in the CPA profession. Such a proactive and unified response by the profession to Congress will amplify the significance of this important issue.

CalCPA and the COT will continue to be proactive on this issue and make certain the profession is well represented during the federal budgetary and allocation process.

From the AICPA

Tax reform implementation issues are going to be with us for a long time, and CPAs likely have questions surrounding Sec. 199A and when the IRS will issue guidance. This article from the AICPA offers some insight on timing. (June 2018)


Resources

Federal Subcommittee

Fed Tax - Powers of Attorney by Stuart Josephs, (Dec. 2017), p. 23

Tax Reform Legislation - Highlights by AICPA, (Dec. 2017), p. 6

Fed Tax by Stuart Josephs, (Oct. 2017), p. 23

IRS News by CalCPA, (Oct. 2017), p. 8

IRS News - IRS Office of Appeals Pilots Virtual Service by CalCPA, (Sept. 2017), p. 9

Fed Tax - Portability Elections - IRS Provides Simplified Method to Obtain Extensions by Stuart Josephs, (Aug. 2017), p. 31

Fed Tax - What's To Come - The Uncertainty of Potential Tax Reform by David Klasing, (July 2017), p. 21

IRS Responds - Chief of Appeals Answers CalCPA's Letter to IRS by Stuart Josephs, (June 2017), p. 19

Fed Tax Update by Stuart Josephs, (May 2017), p. 8

Fed Tax Update by Stuart Josephs, (Mar./Apr. 2017), p. 19

Fed Tax Update by Stuart Josephs, (Nov. 2016) p. 9

Fed Tax - Retirement Plans - Possible Relief for Missing 60 day Rollover Deadline by Stuart Josephs, p. 23

Fed Tax Update by Stuart Josephs, (Sept. 2016) p. 8

IRS News by IRS, p. 9

Proposed Improvements to Disclose Requirements for Income Taxes by FASB, p. 11

IRS News - IRS Security Summit by IRS, (Aug. 2016) p. 3

IRS News - IRS Data Show Tax Gap Growing by IRS, (June 2016) p. 5

Inherited Property - Consistent Basis Required for Income & Estate Taxes by Stuart Josephs, p. 23

IRS News - IRS Resources @ your fingertips: EITC Due Diligence by IRS, (May 2016) p. 10

Fed Tax Update by Stuart Josephs, (March/April 2016) p. 7

Fed Tax - New Tax Laws by Stuart Josephs, p. 23

Fed Tax Update by Stuart Josephs, (Jan./Feb.) p. 7

State Subcommittee

CA Tax - Step Forward - Voluntary Disclosure Programs/Agreements by David Klasing, (Jan./Feb. 2018), p. 21

FTB, POA Updates by Kelly Bluth, (Jan./Feb. 2018), p. 18

CA Tax - California Changin' - Governor Signs Two Key Bills by Mo Huda, Anna Ferraro, John Clausen and Barry Weissman, (Dec. 2017), p. 21

CA Tax - California Competes by David Klasing, (Nov. 2017), p. 23

FTB News by CalCPA, (Nov. 2017), p. 10

CA Tax - BOE's New Look by David Klasing, (Sept. 2017), p. 20

FTB News by FTB, (June 2017), p. 8

FTB News - What's New for 2016 Tax Returns by FTB, (Mar./Apr. 2017), p. 7

FTB Meets COT-Summary of Annual Q&A Session by Stuart Simon, (Jan./Feb. 2017), p. 23

FTB Updates by David Flamer, p. 23

Tax Due Date Conformity by CalCPA GR, (Oct. 2016) p. 6

FTB News - 2016 State Income Tax Rates adjusted for Inflation by FTB, p. 8

Taxing Changes - State Controller Releases Framework for Tax Reform by Jason Fox/Kasey O'Connor, p. 35

10 Pitfalls - FTB Tips on Avoiding POA Declaration Setbacks by Bob Reynolds & Kelly Bluth, p. 23

FTB News - College Access Tax Credit by FTB, (Jan./Feb. 2016) p. 6

CATax - COT-FTB Recap - Top Tax Delinquents, BOE Updates Discussed by Leonard Williams, p. 23

General Information

Tax Season Tool Kit - 2017 CA Tax Update, by Stuart Josephs, (Dec. 2017), p. 19

FastTaxFacts by CalCPA, (Nov. 2017), p. 11

Changes to BOE by Jason Fox, (July 2017), p. 25

Committees Eye Future - Tax Reform and BOE Troubles by Jason Fox, (June 2017), p. 25

Spring is Sprung - Legislature Gears Up for a Busy Session by Jason Fox, (May 2017), p. 89

CA Tax Highlights - CDP Information & a Bitcoin Breakdown by David Klasing, (May 2017), p. 27

Proceed with Caution - Pitfalls in the Preparation of Trust Income Tax Returns by Erin S. Fukuto (Mar./Apr. 2017), p. 11

Financial Pioneering - Tax Planning in an uncertain Environment by Gina DeRosa, p. 12-13

FedTax - Partnership Audits - New, Centralized System for Tax Years Coming in 2017 by Stuart Josephs, p. 31

AICPA Recommends Changes in Estate Tax Basis Rules by AICPA, (July 2016) p. 4

MyFTB - The Ins and Outs of Moving to a New Service by Gina DeRosa, p. 20

FTB News - Enhanced MyFTB Online Services Available by FTB, (March/April 2016) p. 6

Member Alert - TPRs and Form 571-L, Business Property Statements by FTB, p. 10

Estate Planning - Basis Step Ups - Estate Property: Estate and Income Tax Considerations by Erin Fukuto, (March/April 2016) p. 16

FTB News - College Access Tax Credit by FTB, (Jan./Feb. 2016) p. 6

IRS News - Advisory Council Makes Recommendations to IRS by IRS, p. 10