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 ...