California will do its own thing (except for automatic conformity items) with the new tax reform bill. “It’s all about the Benjamin’s” (Revenue Impact).
California’s Throwback Rule - When determining the Taxpayer’s California Sales Factor, an out-of-state sale may be included in the Taxpayer’s numerator (treated as a California sale).
IRS Interactive Tax Assistant (ITA) Tool is good Information...But can be just enough to be dangerous! Proceed with caution if you are not a licensed tax professional.
Need someone to prepare your tax return? “Who ya gonna call.....?”
“Check em out!” CA Secretary of State Business Search.... A good place to start when taking on a new client or vendor.
Puff, puff....Pass... The California Department of Tax and Fee Administration (CDTFA) adopted proposed regulation 3700, “Cannabis Excise and Cultivation Taxes” as recommended by staff.
“Make your Kung Fu strong against ID theft!” IRS, State Tax Agencies and Tax Industry Announce National Tax Security Awareness Week, Nov. 27-Dec. 1.
Disabled Veterans rated 100 percent disabled may be exempt from paying California property taxes. I’m thinking we need to drop that rating percentage quite a bit lower!
Head of Household can provide huge benefits, but claiming your lady or man friends child does not qualify. “You are......NOT the father!”
Scams and Schemes Targeting Taxpayers.... Don’t get “Hoodwinked, Bamboozled, or Led Astray!”
Steve Sims, EA will be talking Taxes November 16, 2017, at the Sheraton Universal Hotel...That’s right “Going Hollywood, lights, camera, action!”
California Legislative Bills that became law in 2017 - New stuff, most of which you would have had no idea... after reading still may not...Smile
Doing Business in California as a Partnership, but have not been filing in California? The Voluntary Disclosure Program has Expanded Eligibility and Penalty Relief...
“You ain’t going nowhere!” The IRS may request a Revocation or Denial of your Passport in Case of Certain Unpaid Taxes
Plan on selling your personal residence and excluding the gain on sale from income? Make sure you meet the “ownership use” test! Make sure “Yo casa is yo casa”!
California taxation for Military Servicemember’s can be confusing... Let’s simplify it by making “active duty” military Servicemember’s EXEMPT!
“Speak now or forever hold your peace” at the informal stakeholders meeting November 6, 2017 regarding the new Draft regulations for the California Office of Tax Appeals (OTA).
Is your Nonprofit Organization really a Nonprofit? The California Franchise Tax Board may give you an “Activity Check”... no you can’t cash it!
“I’m gonna need to see your ID”.... Is a California Drivers License required to e-file or paper file your Income Tax Return?
Are you exempt from paying California Personal Income Tax? Read How....Read When!