Current California Tax Issues

Author: Spidell Publishing, LLC

With this five-hour course, you will:

• Get a 137-page PDF manual
• Determine if storm-related relief is available for taxpayers living outside California
• Recall the FTB’s position on whether interest payments on debt-financed distributions must be included in the calculation of qualified net income
• Determine basis adjustments for taxpayers receiving the Employee Retention Credit
• Identify the consequences of the recent Audit Manual changes from the CDTFA
• Recall how to report real estate withholding for a nongrantor trust
• Identify if a return is a superseding return or an amended return for California purposes
• Determine how to treat nonqualified deferred compensation for a client moving out of state
• Recall the consequences of a county assessor’s raise letter
• Identify who must file a personal property statement with their county assessor
• Determine if an incomplete nongrantor trust set up in Nevade will escape California taxation

Course level: Basic
No advance preparation is required.

Want to order by phone? Call us at: (800) 277-2257

This self-study is designed to meet the requirements for 5 hours of continuing education. This self-study has been designed to meet the requirements of the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. Spidell Publishing, LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.

Spidell Publishing, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 5 hours of continuing education for the California Board of Accountancy. Level: Basic. Field of Study: Taxes. Delivery method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. There are no prerequisites or advanced preparation required.