TAX NEWS - August 2009

California tax: Disclosing Deferred Intercompany Stock Account (DISA) Balances

August 2009 - FTB issued Notice 2009-5 on July 17, 2009, to extend the due date until October 15, 2009, for taxpayers to file a completed FTB Form 3726, Deferred Intercompany Stack Account (DISA) and Capital Gains Information.

Subsequent to issuing FTB Notice 2009-01, many taxpayers contacted the FTB stating that they wouldn't be able to satisfy the May 31, 2009 deadline. With that in mind, the deadline for filing a completed FTB Form 3726 to satisfy the DISA reporting requirement for tax years beginning prior to January 1, 2008, has been extended to October 15, 2009. 

If there are any questions regarding satisfying the disclosure requirements or if you need additional information, please see the related Tax News article in the

March 2009 edition and FTB Notices 2009-1 and 2009-5. You may also contact Michael Halahan at 714.567.7109.