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Qualified Settlement Fund (QSF)

November 30, 2016 • Pauline Kwok • Log In to Post Comments

Will the qualified settlement fund be subject to the corporate minimum tax of $800?   Please advise. 


Pauline, Pursuant to Rev. & Tax. Code Sec. 24693 and FTB Notice 93-8, the fund is only subject to the corporate tax of 8.84% under R&TC Sec. 23501. I do not believe it would be subject to the  $800 tax under R&TC Sec. 23153. 



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