Oct 25, 2021 | Specialty Tax, Tax, Tax Compliance and Advisory
CALIFORNIA ASSEMBLY BILL (AB) 46 Assembly Bill 466 authorizes the Franchise Tax Board (“FTB”) to share certain information with the State Controller’s Office related to unclaimed property. Beginning tax year 2021, the FTB will include additional questions for...
Sep 1, 2021 | News & Events, Specialty Tax, Tax
What are the effective dates of the new tax? The elective pass through entity tax (PTE) is effective for tax years beginning 1/1/2021 and before 1/1/2026. The California PTE will terminate prior to 1/1/2026 upon termination of the current federal $10,000 limitation...
Aug 27, 2021 | International, Tax
The Framework, released by Finance Chairman Wyden and Senators Brown and Warner on August 25, outlines options for making changes to US international tax provisions enacted as part of the 2017 Tax Reform Act (the 2017 Tax Cuts and Jobs Act, or the 2017 Act)....
Jul 27, 2021 | Specialty Tax, Tax
Effective July 16, 2021, California Assembly Bill 150 (2021 Cal. Stat. Ch. 82) (AB 150), signed into law by Governor Gavin Newsom, establishes a new elective pass-through entity-level tax (PTE tax) of 9.3% for tax years beginning on or after January 1, 2021 and before...
