California tax news snippets from the leader in California tax law analysis — Dedicated to bringing you tips and hot topics that will save you time and save your clients money.
…
continue reading
This week, we’re covering how to report IRS partnership audit changes to the FTB.
…
continue reading
This week we’re covering some of the exemptions from the ABC test for worker classification that will sunset for certain industries at the end of this year.
…
continue reading
1
Tax planning strategies to consider implementing by the end of the year
4:38
4:38
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:38
This week we’re covering three California planning strategies to consider implementing by the end of the year.
…
continue reading
1
Understand the tax issues of holding a vacation home in an LLC
5:05
5:05
나중에 재생
나중에 재생
리스트
좋아요
좋아요
5:05
This week, we’re talking about holding a vacation home in an LLC and the California tax consequences.
…
continue reading
This week we’re covering property tax adjustments for commercial properties.
…
continue reading
This week we’re looking at some of the tricks and traps around filing a final corporate return.
…
continue reading
1
Understand how California treats accrued market discount income
3:46
3:46
나중에 재생
나중에 재생
리스트
좋아요
좋아요
3:46
This week we’re discussing how California treats accrued market discount income.
…
continue reading
1
Uber/Lyft workers may soon be receiving back pay and benefits
4:26
4:26
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:26
This week, we’re covering the recent decision by the U.S. Supreme Court not to review the Olsen case challenging AB 5.
…
continue reading
This week, we’re covering dividing property in a divorce and how that affects basis and the principal residence exclusion, among other things.
…
continue reading
This week we’re covering some of the more common California adjustments to be aware of for individual taxpayers.
…
continue reading
This week, we’re covering the coming FUTA payroll tax increase that’s the result of California’s Unemployment Insurance Fund loan.
…
continue reading
This week we’re discussing nonresident sole proprietor income taxability in light of several Office of Tax Appeal decisions.
…
continue reading
1
You don’t have to dissolve a California entity by December 31
3:52
3:52
나중에 재생
나중에 재생
리스트
좋아요
좋아요
3:52
This week we’re discussing the common misconception that a California entity needs to be dissolved by December 31 to avoid the $800 annual tax from accruing for the following year.
…
continue reading
This week we’re covering calculating California tax on trust income.
…
continue reading
This week, we’re talking about changes that Proposition 19 made to transfers of California real property between parents and children.
…
continue reading
1
Be the hero: Make sure your clients don’t lose out on withheld amounts
4:17
4:17
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:17
This week, we’re talking about nonwage withholding and some tips for tax pros to make sure clients don’t lose out on withheld amounts.
…
continue reading
This week, we’re discussing how to determine the basis of inherited property that’s held in joint tenancy.
…
continue reading
This week, we’re discussing some tips for filing Form 3840 to report certain like-kind exchanges.
…
continue reading
This week we’re covering common errors taxpayers make when using FTB’s Web pay system, and some tips for avoiding those mistakes.
…
continue reading
This week, we’re covering reasons why the FTB may reject a Power of Attorney submission and tips for avoiding errors.
…
continue reading
This week we’re covering the voluntary and involuntary administrative dissolution process for nonoperating entities.
…
continue reading
This week we’re covering two common scenarios that arise when employees are working remotely.
…
continue reading
This week we’re covering what it means to be doing business in California for the purposes of filing returns and paying the annual or minimum franchise tax.
…
continue reading
This week, we’re discussing the use of loan-out corporations, which are in the crosshairs of the EDD for AB 5 purposes.
…
continue reading
This week we’re covering how real estate withholding is reported when the property is owned by a trust.
…
continue reading
This week we’re talking about what factors into a taxpayer’s tax rate and how it can add up.
…
continue reading
This week, we’re covering the FTB’s annual outreach campaign to certain taxpayers who filed Schedule A and Schedule C.
…
continue reading
This week we’re covering when a tax professional may be classified as an employee versus an independent contractor, and exemptions from the application of the ABC test to tax professionals.
…
continue reading
1
Be ready to make the June 17 passthrough entity tax prepayment
4:33
4:33
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:33
This week we’re covering some things to keep in mind about making the June 17 passthrough entity elective tax prepayment.
…
continue reading
This week we’re discussing the FTB’s new multi-factor authentication process for MyFTB Accounts.
…
continue reading
1
Are your clients just receiving 2022 LLC fee late-payment notices?
4:42
4:42
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:42
This week we’re covering LLC fee late-payment notices for 2022 that some taxpayers have only recently received.
…
continue reading
This week we’re talking about property tax increases for partial transfers of property.
…
continue reading
1
Tax treatment of CalPERS long-term care premium settlement
3:43
3:43
나중에 재생
나중에 재생
리스트
좋아요
좋아요
3:43
This week we’re covering the tax treatment of CalPERS long-term care premium settlement payments.
…
continue reading
1
Bill would ease passthrough entity tax prepayment requirement
4:41
4:41
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:41
This week we’re covering a bill that has been introduced which would allow entities to make a passthrough entity tax election even if they didn’t make a June 15 prepayment.
…
continue reading
This week we’re covering what a tax professional needs to know about LLC filing requirements.
…
continue reading
This week we’re covering some enhancements to the MyFTB account system that have improved and streamlined the user experience.
…
continue reading
This week, we’re covering the requirement for a nonresident sole proprietor to pay California tax on income received from California.
…
continue reading
This week we’re covering some key California nonconformity issues for 2023 returns.
…
continue reading
This week we’re covering some filing season traps that taxpayers can fall into, and what to watch out for to avoid these costly mistakes.
…
continue reading
This week we’re covering what a taxpayer moving out of California needs to do to break ties with the state and actually become a nonresident.
…
continue reading
1
Passthrough entities have until end of year to maximize federal tax benefits of elective tax
4:19
4:19
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:19
This week we’re covering why a passthrough entity that made the passthrough entity tax election may want to pay the remainder of the tax by December 31.
…
continue reading
1
Some older POA declarations set to expire December 31, 2023
3:59
3:59
나중에 재생
나중에 재생
리스트
좋아요
좋아요
3:59
This week we’re covering some older Power of Attorney declarations set to expire at the end of this year, and how to see which declarations are affected in MyFTB.
…
continue reading
1
Annual tax exemption expiring in 2024 for certain entities
4:34
4:34
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:34
This week we’re covering the expiration of the temporary exemption for the $800 annual tax that’s available for new LPs, LLCs, and LLPs.
…
continue reading
This week, we’re covering tips for splitting refunds when taxpayers divorce.
…
continue reading
1
California conformity/nonconformity to the SECURE 2.0 Act
4:37
4:37
나중에 재생
나중에 재생
리스트
좋아요
좋아요
4:37
This week we’re covering California conformity and nonconformity to various SECURE 2.0 Act provisions.
…
continue reading
This week we’re covering some things to keep in mind when verifying estimated tax payments with the FTB.
…
continue reading
This week we’re covering the FTB’s new one-time penalty abatement provision, which goes into effect for tax years beginning on or after January 1, 2022.
…
continue reading
This week we’re covering California’s tax basis capital account reporting requirement, which goes into effect after a two-year delay.
…
continue reading
This week we’re covering the Unclaimed Property Voluntary Compliance Program to help businesses come into compliance with the unclaimed property reporting requirements.
…
continue reading
This week we’re covering how gross income from tiered LLCs impacts the LLC fee calculation.
…
continue reading