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The organization defended its tax-exempt status, but failed to provide sufficient evidence to California Franchise Tax Board that its actions align with such obligations. As a result, Blue Shield became a tax-paying nonprofit. In 2020, Blue Shield of California reported $21.8 billion in revenue and $680 million in net income. References
Last month California Gov. Gavin Newsom announced that the state is extending its tax filing deadline for residents impacted by December and January winter storms. The new deadline is now Oct. 16,...
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The Board was established by Article VII, section 2 of the California Constitution, as amended on June 8, 1976. Staff positions in the Supreme Court of California, the California Courts of Appeal, the California Legislature, the University of California and the California State University are not administered by the board. Functions
The Internal Revenue Service (IRS) finally issued guidance regarding the federal tax status involving special payments made by 21 states in 2022, determining that taxpayers in many states will not ...
There have been three U.S. Supreme Court cases titled Franchise Tax Board of California v. Hyatt: Franchise Tax Board of California v. Hyatt, 538 U.S. 488 (2003) Franchise Tax Board of California v. Hyatt, 578 U.S. ___ (2016) Franchise Tax Board of California v. Hyatt, 587 U.S. ___ (2019)
The Victim Compensation Board ( CalVCB) is a state agency of the U.S. state of California that oversees the provision of compensation to victims of violent crime and the collection of restitution from criminal offenders. CalVCB is part of the California Government Operations Agency (CalGovOps). The board consists of three members: the Secretary ...