QAS Self-Study
Basic
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 to practitioners. 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 February 8, 2023 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
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 …
California Business Tax Hazards: 10 Strategies for Out-of-State Practitioners
$98.00
QAS Self-Study
Basic
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 to practitioners. 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 February 8, 2023 |
Prerequisites There are no prerequisites. |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2
CTEC Course Number: 2071-CE-1210
CTEC State Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
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 …
California Business Tax Hazards: 10 Strategies for Out-of-State Practitioners
$98.00