Tax Strategies for California Residents with Multistate Income

Course Description

Does your California tax client have income from other nonresident states? Both individuals and businesses often overlook the need to file other state tax returns. This webcast will help you properly report and strategize taxation issues for your California residents with out-of-state income. Learn how to 1) identify income sourced to other states, 2) identify apportioning businesses and properly apportion income and 3) master the use of the Other State Tax Credit (OSTC) for individuals. You'll leave this course with valuable tax saving techniques and strategies specific to your California tax client.

Instructor

Karen Brosi, CFP, EA

Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips.

Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life presentations pinpoint critical federal and state tax areas, teaching tax professionals what they need to know to optimally assist their clients. Karen was the recipient of the California CPA Education Foundation 2012-2013 Outstanding Webcast Instructor award.

Learning Objectives

Upon successful completion of this course, participants will be able to:

• Develop techniques for identifying income sourced to other states
• Identify apportioning businesses and how to properly apportion income
• Master the use of the Other State Tax Credit (OSTC) for individuals
• Strategize tax-savings ideas for your multi-state clients