Miscellaneous California Tax Issues

Author: Spidell Publishing, Inc.

Electronic version only

Volume I: Updates on the passthrough entity elective tax; PPP loan forgiveness; CDTFA audit issues; property tax increases for partial transfers; FTB refund intercept programs; LLC gross receipts fee; and more.

With this one-hour course, you will:

• Get an 19-page PDF manual
• Recall the consequences of making an overpayment of the passthrough entity elective tax
• Identify the top area of noncompliance when it comes to collecting sales taxes
• Identify when a reassessment is required if there is a change of ownership when property is owned by an entity

Volume II: Erroneous FTB notices; determining whether income is California-source income for nonresident sole proprietors; e-file rejections; nonresident spouse and community property income; California limitation on business losses and missing form instructions; residency and domicile; PPP loan forgiveness exclusion; California’s budget deal; and much more.

With this one-hour course, you will:

• Get a 19-page PDF manual
• Determine how to measure where the benefit is received under California’s market-based sourcing rules
• Recall the “California method” of computing tax for nonresidents and part-year residents
• Identify differences in federal and California treatment of excess business losses

Volume III: California’s middle class tax refund; tax relief in the new California budget deal; emergency Proposition 19 rules; tax relief for cannabis businesses; reasonable cause; nonresident sale of partnership interest; Foster Youth Tax Credit; increased FUTA tax rates; and more.

With this one-hour course, you will:

• Get an 19-page PDF manual
• Recall the qualifications for eligibility for the middle class tax refund
• Identify the conditions under which a parent-child transferee is eligible for a refund of overpaid property taxes
• Identify qualified expenditures for purposes of claiming the Cannabis Tax Credit

Course level: Basic
No advanced preparation is required.

Want to order by phone? Call us at: (714) 776-7850

These self-studies were designed to meet the requirements for the specified number of hours of continuing education. These courses were 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 714-776-7850. Spidell Publishing, Inc. 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, Inc. 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. Each self-study is designed to meet the requirements for 1 hour of continuing education for the California Board of Accountancy. Basic Level. Field of Study: Taxes. Delivery method: Self-study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.Spidell Publishing, Inc. 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. Each self-study is designed to meet the requirements for 1 hour of continuing education for the California Board of Accountancy. Basic Level. Field of Study: Taxes. Delivery method: Self-study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (714) 776-7850. There are no prerequisites or advanced preparation required.