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# 2009-20 : Two important California announcements

Tuesday, August 18, 2009

Two important California announcements

2009 California tax rates

Click here for the 2009 indexed California tax rates, exemptions, and credit amounts.

August 20 deadline for LLCs claims

The FTB has begun processing refunds for LLCs that filed protective claims and have income from both inside and outside of California. (Bakersfield Mall, LLC v. FTB (April 25, 2007) Super. Ct. S.F. City and County No. CGC-07-462728) However, there is a deadline of August 20, 2009, by which to notify the FTB if the LLC either:

Did not file a Schedule R with the original Form 568; or
Filed a Schedule R but elects the Alternative Method.

The FTB will process the claims for refund using the Default Method, unless an LLC informs the FTB that it wishes to use the Alternative Method.

The FTB estimates that refunds will be mailed approximately six months after they receive the information for a claim for refund. See FTB Notice 2009-04 for more information.

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