Steve Sims EA llc

News

Announcements and Updates

Franchise Tax Board (FTB) to hold Interested Parties meeting on Market Based Sourcing (FTB regulation 25136-2): Early look on their position on “Look Through “.

The only time FTB would look through to the second tier, i.e. customer’s customer, is if the sale were a sale of a marketing intangible or a marketing service.  Otherwise FTB will only look to the first tier, i.e. the customer of the taxpayer. Things just got easier!

Check out this link:

 www.ftb.ca.gov/professionals/taxnews/Editions/2017/August.shtml#Article04

steve@stevesimsea.com