CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

California Business Tax Hazards: 10 Strategies for Out-of-State Practitioners

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Filing California taxes for clients who live outside of California either part time or all year can prove quite challenging. For this course, tax expert Karen Brosi teams up with Susan Maples, the Taxpayers’ Rights Advocate for California’s FTB. Topics covered include the top ten challenges facing practitioners and their clients, such as registering as a foreign business entity, apportionment, and penalties, as well as entity dissolution.

Learning Objectives

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

Section 1

  • Recognize business taxpayers that meet the definition of ‘doing business’ in California, noting the requirements under Public Law 86-272
  • Identify the steps out-of-state businesses must take to register as a foreign business entity in California, and the steps a business must take to revive a lapsed registration
  • Determine what constitutes a California LLC, noting the California tax issues impacting LLCs
  • Note the sales requirements and throwback rules for purposes of California tax law

Section 2

  • Recognize the methods of apportionment applicable to California income and franchise taxes, noting the impact of cases and rulings
  • Specify assessment amounts, tax rate percentages, and waiver requirements for California income and franchise taxes
  • Identify mandatory e-filing requirements for businesses filing tax returns in California
  • Recognize the steps in dissolving an entity with the California Secretary of State and the Franchise Tax Board
  • Note the applicable penalties for failure to file and failure to pay, and the requirements for penalty relief through the Voluntary Disclosure Program
  • Note the characteristics and requirements of the MyFTB account for businesses

Course Specifics

Course ID
8172583VID
Revision Date
April 7, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2

Course Instructor

Karen Brosi Headshot
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 …

Karen Brosi, CFP, EA Read More »

California Business Tax Hazards: 10 Strategies for Out-of-State Practitioners

Expert Instructors
Format
CPE CREDITS
2 Credits: Taxes

$98.00

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
2 Credits: Taxes

Course Description

Filing California taxes for clients who live outside of California either part time or all year can prove quite challenging. For this course, tax expert Karen Brosi teams up with Susan Maples, the Taxpayers’ Rights Advocate for California’s FTB. Topics covered include the top ten challenges facing practitioners and their clients, such as registering as a foreign business entity, apportionment, and penalties, as well as entity dissolution.

Learning Objectives

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

Section 1

  • Recognize business taxpayers that meet the definition of ‘doing business’ in California, noting the requirements under Public Law 86-272
  • Identify the steps out-of-state businesses must take to register as a foreign business entity in California, and the steps a business must take to revive a lapsed registration
  • Determine what constitutes a California LLC, noting the California tax issues impacting LLCs
  • Note the sales requirements and throwback rules for purposes of California tax law

Section 2

  • Recognize the methods of apportionment applicable to California income and franchise taxes, noting the impact of cases and rulings
  • Specify assessment amounts, tax rate percentages, and waiver requirements for California income and franchise taxes
  • Identify mandatory e-filing requirements for businesses filing tax returns in California
  • Recognize the steps in dissolving an entity with the California Secretary of State and the Franchise Tax Board
  • Note the applicable penalties for failure to file and failure to pay, and the requirements for penalty relief through the Voluntary Disclosure Program
  • Note the characteristics and requirements of the MyFTB account for businesses

Course Specifics

Course ID
8172583VID
Revision Date
April 7, 2020
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2

Course Instructor

Karen Brosi Headshot
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 …

Karen Brosi, CFP, EA Read More »

California Business Tax Hazards: 10 Strategies for Out-of-State Practitioners

Expert Instructors
Format
CPE CREDITS
2 Credits: Taxes

$98.00