Taxation
California Department of Tax and Fee Administration Proposes to Delete the Three-Error Rule from Audit Manual
The California Department of Tax and Fee Administration (“CDTFA”) has been busy with regulatory projects this new year. On January 11, 2023, the CDTFA issued a notice that the second interested parties meeting for its proposed changes to Audit Manual Chapter 13,
Read MoreGroups File Lawsuit Challenging the City of Los Angeles’ Transfer Tax Increase
It’s a new year and a new tax in the City of Los Angeles! As those with real estate holdings prepare for the new year, including dealing with the ramifications of the immense transfer tax increase set to go into effect on April 1,
Read MoreNew Transfer Tax Certified as Approved by Los Angeles Despite Receiving Less Than 2/3 Vote
Those with real estate holdings in the City of Los Angeles should be aware of this new looming tax increase on sales or transfers of real property, which is estimated to cost taxpayers between $600 million to $1.1 billion annually.
Read MoreCalifornia Department of Tax and Fee Administration Finally Initiates Formal Regulatory Process for Proposed Revisions to Regulation 1684.5, Marketplace Sales
In the aftermath of the decision in South Dakota v. Wayfair, Inc. (2018) 138 S.Ct. 2080 (“Wayfair”), states across the country have implemented new rules and regulations regarding the collection of use tax from out-of-state taxpayers that sell tangible personal property using the internet.
Read MoreJoe Co-presents at the IPT 2022 Property Tax Symposium in Tucson, Arizona
Joe co-presented at the IPT 2022 Property Tax Symposium in sunny Tucson, Arizona this past week. In their presentation, “Wild West of Property Valuations: Analyzing and Valuing Non-Traditional Properties,” Joe and the panelists discussed valuation of unusual properties such as rocket launch pads,
Read MoreRare Taxpayer Victory at the Office of Tax Appeals
If your company has been paying use tax liability in California based on the fair rental value on out-of-state leases of tanks and other containers, a recent Office of Tax Appeals opinion could offer an opportunity for some tax relief.
Read MoreThe Vast Reach of California Tax: A Dispute Over the Taxation of Nonresident Trusts’ Gain from Sale of Out-of-State S Corporation’s Subsidiary
On May 27, 2022, the Fourth District Court of Appeal issued a published decision in The 2009 Metropoulos Family Trust et al., v. California Franchise Tax Board, 2022 WL 1702336 (Cal.App. 4 Dist., 2022) (“Metropoulos”),
Read MoreJoe Co-presents at the IPT 2022 Sales Tax Symposium in Boston, Massachusetts
Joe co-presented at the IPT 2022 Sales Tax Symposium in Boston, Massachusetts on the topic of Medical Products and Prescriptions-What’s Changed? During Covid, many states provided some relief which to great extent has now expired. However, there are opportunities on audit.
Read MoreNontaxable Escape from Taxifornia?
Are you one of the many Californians thinking about moving out of California to escape the high tax burdens of our state? With the rise of remote work and the plethora of opportunities across the country, recently released California Department of Finance figures provide an estimate that California’s population declined by more than 352,000 between April 1,
Read MoreWayfair Strikes Again…Out of State Retailers Beware
According to a recently issued controversial Technical Advice Memorandum (“TAM”) issued by the Franchise Tax Board (“FTB”) the United States Supreme Court decision in South Dakota v. Wayfair, Inc., may have gutted the “mere solicitation” taxpayer protection under Public Law 86-272 (“PL 86-272”).
Read More