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Understand How California Tax Law Determines Income from California Sources
California state taxes present a special challenge for tax practitioners. California always does things a little differently, and taxes are no exception. If your business operates in California, or you have clients there, you need to understand the latest in how this innovative state is taxing residents, non-residents and businesses.
Recent California legislation conformed California's Revenue and Taxation Code (R&TC) to the Internal Revenue Code as it existed on January 1, 2015. However, there still remain significant stated conformity differences, as well as differences due to federal extenders and provisions made permanent at the end of 2015 by the PATH Act. Since income taxable in California is calculated differently for various types of taxpayers, knowing how California tax law determines income from California sources remains a complicated and multi-faceted topic.
This program with expert speaker Vicki Mulak will provide practitioners with a better understanding of the calculations of income taxable for California purposes. It will strengthen your understanding of California taxation and explain how the three California tax agencies– the Franchise Tax Board, Board of Equalization and the Employment Development Department – work together.
In-depth look at California conformity and nonconformity issues
California taxation of individuals as residents, nonresidents or part-year residents
California taxation of businesses, both apportioning and non-apportioning businesses
California taxation of fiduciaries and beneficiaries
Tutorial on how to file California state taxes
Learn how to become proficient in solving issues unique to California state taxes
NASBA & IRS Category of Study: Taxes
Who Should Attend
Any tax practitioner preparing California income tax returns
Business owners in California
Taxpayers in California or who owe California state taxes
Vicki is an Enrolled Agent and Certified Financial Planner (CFP) and owner of American Financial and Tax, a tax preparation, planning and representation firm, which was founded in Tustin, California in 1985, when Vicki became both a resident and a business owner.