Tax Alert
California Franchise Tax Board issues first report on tax reform
California Franchise Tax Board issues first of three reports discussing implications of recent federal tax reform.
Ideas & Insights
Tax Alert
California Franchise Tax Board issues guidance on federal tax reform
FTB provides state guidance on federal tax reform addressing the medical expense deduction, the SALT deduction and repatriation.
Tax Alert
Job-related credits extended; California wildfire incentives enacted
Tax incentives focused on job growth and investment, many of which have already expired, extended through budget legislation.
Tax Alert
IRS allows leave-based donations for California wildfire victims
Employer leave-based donation programs let employees forgo personal leave in exchange for cash payments to charities for disaster relief.
Tax Alert
California disaster relief includes retirement accounts
The IRS has provided disaster relief, including retirement accounts, to the taxpayers affected by the wildfires in California.
Tax Alert
California announces tax relief due to wildfires
California taxpayers located in several counties are eligible for disaster-related benefits such as filing and payment extensions.
Tax Alert
IRS announces tax relief for California wildfires
The IRS announced tax relief to certain northern California counties impacted by the recent outbreak of wildfires.
Tax Alert
California: Appeals and tax administration duties removed from BOE
General Assembly establishes two new agencies to replace Board of Equalization’s tax appeals and tax administration functions.
Tax Alert
New application period announced for California Competes Tax Credit
The first round of funding for the California Competes Tax Credit for FY 2017-18 opens July 24, 2017, and will close on Aug. 18, 2017.
Tax Alert
California FTB issues guidance on application of section 382
For California purposes, section 382 applies on a pre-apportionment basis, RBIGs, NUBIGs, RBILs and NUBILs on a post-apportionment basis.
Tax Alert
Franchise tax did not apply to ownership interest in California LLC
FTB declines appeal of decision finding that 0.2 percent interest in a manager-managed LLC did not constitute ‘doing business’ in the state.
Tax Alert
California, Gillette and the Multistate Tax Compact
Taxpayer appeals to Supreme Court on ability to elect the MTC’s three-factor apportionment formula in calculating California franchise tax.
Tax Alert
California FTB adopts long-awaited market-based sourcing amendments
California FTB adopts market-based sourcing amendments clarifying sourcing of receipts from marketable securities and interest income.
Tax Alert
California court rules merchandise credits not subject to escheatment
A significant unclaimed property decision by a California court may indicate a refund opportunity for retailers. Are there opportunities elsewhere?
Tax Alert
US Supreme Court denies cert in Taylor v. Yee
U.S. Supreme Court denies certiorari in a case challenging California’s unclaimed property owner notification and escheatment requirements.
Tax Alert
California Labor Commission rules Uber drivers are employees
Uber drivers are reclassified as employees rather than independent contractors subjecting Uber to employer regulatory and tax regimes.
Tax Alert
San Francisco gross receipts tax phasing in
San Francisco to fully phase out payroll tax by 2018. Final first year payment of gross receipts tax under Proposition E is due March 2, 2015.
Tax Alert
Application periods announced for California Competes Tax Credit
California announces fiscal year 2014-15 application periods for more than $150 million in jobs and investment income tax credits.
Tax Alert
California FTB approves request to proceed with apportionment changes
The California FTB has approved a staff request to finalize proposed changes to the state’s sales factor market-based sourcing rules.
Tax Alert
New California FTB reporting requirement for like-kind exchanges
The California Franchise Tax Board recently introduced a new annual filing requirement to track deferred section 1031 gain from California property.