CalCPA Council annually nominates candidates to serve three-year terms as trustees of CalCPA Health (The Group Insurance Trust). Additionally, participating employers in CalCPA Health may nominate candidates to be placed on the ballot by submitting supporting petitions by Nov. 1 from at least 20 firms participating in one or more of CalCPA Health’s group health and welfare plans.

For more information, email Genna Armanini or call (800) 556-5771, ext. 3257.

Wildfire Tax Relief Update

As part of CalCPA’s efforts to keep people updated on wildfire tax relief information, we have compiled the following resources and guidance, including IRS and FTB updates.

Office of Tax Appeal Openings 

The newly formed Office of Tax Appeals (OTA), which takes effect Jan. 1, is hiring three administrative law judges to oversee and issue decisions on taxpayer appeals of assessments from the California Department of Tax Appeals and the FTB. Qualifications to become an administrative law judge include being a member of the California State Bar and have tax law experience.  

Appeals cases cover all areas of tax law, from sales and use taxes to income taxes.  

All three positions are located in Sacramento, but hearings could be across California.  

Access more information online. Positions will remain open until filled.

New Requirements for Lead Auditor’s Use of Other Auditors 

The Public Company Accounting Oversight Board issued a supplemental request for comment on a proposal that would strengthen existing requirements and impose a more uniform approach to a lead auditor’s use of other auditors.

The proposal spells out a lead auditor’s responsibilities for planning, supervising and evaluating the work of other auditors. The supplemental request for comment responds to some comments received asking for clarification to some provisions and modifications to others.

Comments on the proposal are due Nov. 15 and can be made through the PCAOB’s rulemaking docket

New 30-Day Deferral Option Available for MyFTB Users

MyFTB users are able to request the 30-day deferral Quick Resolution option for Individual Filing Enforcement Notices of Proposed Assessments. This option is only available for individuals at this time.

A new radio button has been added to the Response to Proposed Assessment section—reading, “I do not wish to protest – I request a 30-day deferral to file the required valid tax return.”—if the deferral option is available. When this option is selected users will be provided with the updated date a valid tax return is due by.

Note: To protest or respond to a proposed assessment online, users must have an active Power of Attorney Declaration for the year on the assessment. If not, user clients may submit the protest or quick resolution worksheet online by logging in to their own MyFTB account. 

Lead On: CalCPA/AICPA Leadership Positions Open

The application period for the 2018-19 CalCPA Board and Council, AICPA Council and CalCPA Education Foundation trustee and officer positions is open.

California CPAs are the driving force behind one of the world’s largest economies—and CalCPA provides the opportunities to help you develop critical leadership skills, and a platform to showcase them, at the local and state level.

Isn’t it time you put your leadership skills to use for the betterment of the CPA profession?

Learn more or apply.

Applications are due Dec. 4.