California has many of the highest tax rates in the country, planning and understanding is becoming more important. Learn how to be more valuable to your clients. We review how the many changes in federal tax law have major impact on California tax returns. In addition, we fully expect California to have several changes. We will cover all changes including the following: • The impact on taxpayers in California when California law does or does not conform to federal law
• The impact of the court’s decision on proposition 8 and the preparation of tax returns for same-sex marriages and registered domestic partners
• Still more changes on reporting use tax on out of state purchases
• We will also discuss some major sales tax issues
• The impact of failing to extend mortgage forgiveness debt relief and the repercussions to Californians
• Review of the tax rates that apply to high-income taxpayers
• California property tax issues
• Update on California law with regard to deducting property tax and the impact the hero program may have on current and future law
• Resident or nonresident issues, preparing a California return for a non-resident.
• Should you move out of state prior to selling a business? we cover an in-depth analysis of timing of income
• The ever-important issue of “nexus” — where is business actually being conducted
• Proposition 30 — allocating income to California: planning techniques
• State health exchanges and other impacts of health care reform on California tax returns
• Recognizing income from an out of state k1
CPE credits expire 1 year from availability date.
Available December 2017