Update 1:

The rules for property tax appeals in California have changed. Effective June 21, 2021, four rules for tax appeals in CA changed, involving: petitions for redetermination; innocent spouse relief; rules for rescheduling or postponing appeals; and filing documents. These rules are classified as Rule 100 changes, which means they have no regulatory effect. The rule changes were made because the CA State Board of Equalization’s Board Proceedings Division has physically moved to a new location. The mailing address hasn’t changed. The appropriate email address for appeals-related communication is appealsscheduling@boe.ca.gov or fax to: (916) 324-3984. Here’s more: https://bit.ly/3kp5PHj

Update 2:

The passage of California Assembly Bill 150 in July 2021 brought many changes effective for taxable years beginning in 2021 (but before 2026). One is the Small Business Relief Act, which allows qualified pass-through entities (PTEs) to annually pay an elective tax of 9.3% of the pro rata or distributive share of entity partners. The entity can deduct the tax on their federal tax return and pass it on to individual partners to reduce their tax bills. To qualify to make this election the PTE’s owners can’t be a publicly traded partnership. The PTE also can’t be part of a combined reporting group or have a partnership as a partner, member or shareholder. For more: https://bit.ly/3C0LQVo

Please contact your Linkenheimer CPA if you have questions.