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Product ID: 389467EAU
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Are You Prepared for the Financial Institution Record Match Program?

OnDemand Webinar (63 minutes)

The State of California enacted legislation (California Revenue & Tax Code § 19266) that will impact virtually every bank, credit union, thrift and brokerage firm doing business in California. This course will place a new burden on financial institutions in order to help the state collect delinquent taxes.

Financial institutions should start consideration of the FIRM Agreement and how to comply with the FIRM requirements. Financial institutions will need to plan for the technical aspects of the FIRM, including how to send and receive information from the Franchise Tax Board.


Daniel F. Wheeler, Esq., Buchalter Nemer


Overview and Opening Remarks

Background of the Firm Statute and Brief Discussion of Similar Non-California Statutes

Detailed Discussion of the Statute

• The Data Match Process

• Costs

• Exemptions

• Privacy

• Preparatory Steps

Firm Compliance Requirements and Deadlines