Press Room: California State Tax

October 07, 2016

Shah to Speak on California State & Local Tax

Created by the state legislature in 1927, the State Bar is a public corporation within the judicial branch of government, serving as an arm of the California Supreme Court. All State Bar members are ...

February 09, 2017

In Defense of Regulations: California, Market-Based Sourcing, and the Defense Industry

This article discusses the market-based sourcing rules for sales of tangible personal property and how they may apply to services, particularly for government contractors where there is no guidance.  In Defense of ...

September 10, 2018

Recent Case Rejects California Franchise Tax Board’s Long-Standing Approach to Taxing Trusts

In March 2018, the California Superior Court in San Francisco ruled in favor of the taxpayer in Paula Trust v. California Franchise Tax Board (Paula Trust). The California Franchise Tax Board (FTB) has long ...

September 20, 2018

California Decision Opens Door to Like-Kind Exchange Treatment For Drop and Swap Exchanges With Partnerships/LLCs

The California Office of Tax Appeals (OTA) has issued a decision that provides authority for California taxpayers to do drop and swap and similar swap and drop Sec. 1031 transactions. The decision gives California ...

February 10, 2022

California Expands SALT-Cap Workaround; Eliminates NOL Suspension and $5 Million Credit Limitation

Tax legislation (S.B. 113) signed by Governor Gavin Newsom makes several important tax changes, including expanding the availability and benefit of the state’s pass-through entity (PTE) tax credit, with most provisions ...