Businesses that hold unclaimed property in California get extra time to file reports. Due to COVID-19, the CA State Controller (SCO) has postponed the due date for holders of such property, including unclaimed wages, to submit their Remit Reports and Remittances for properties reported on their 2019 Notice Reports. Regarding the June 1-15 period for holders to submit their reports and remittances for properties reported on 2019 Notice Reports is extended from June 1, 2020, to August 15, 2020. Holders or agents of holders who are able to submit their Remit Reports and remittances during the original reporting period are encouraged to do so. Contact your Linkenheimer CPA with questions.
As Tax Day approaches, the Franchise Tax Board offers tips to help Californians prepare to file by the July 15 deadline. Among other things, the tips include the following: COVID-19 relief (such as the FTB extending the filing and payment deadlines to July 15, 2020), the CA earned income tax credit; the young child tax credit; tax filing extensions; pay online; how to check refund status online; accessing accounts (with MyFTB); and how to get questions answered (with the FTB’s Live Chat). Here’s more: https://bit.ly/31h1ptb