
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.
For California purposes, section 382 applies on a pre-apportionment basis, RBIGs, NUBIGs, RBILs and NUBILs on a post-apportionment basis.
The California FTB has approved a staff request to finalize proposed changes to the state’s sales factor market-based sourcing rules.
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