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

Section 1

• Recognize the requirements for residency in California, noting the difference between residency and domicile in California
• Note the types of California-source income and its impact on income tax for residents, non-residents, part-year residents, and pass-through entities
• Recall the defining characteristics of domicile and community property laws with respect to California married couples and Registered Domestic Partners
• Cite California tax laws including filing requirements regarding the sale of real property and like-kind exchanges

Section 2

• Recognize the taxation requirements for installment sales, noting differences between California non-resident and resident treatment
• Cite California laws including filing requirements and applicable issues regarding the reporting of worldwide income, the treatment of carryovers for residents and non-residents, the filing of group non-resident returns, the apportionment of income for trusts with out-of-state trustees, e-filing, and paying taxes electronically
• Recognize the requirements for California’s mental health tax, noting taxpayers who may be subject to the mental health tax
• Note the requirements of the Other State Tax Credit (OSTC)
• Recognize the process of requesting a penalty abatement, noting excuses that show the taxpayer has reasonable cause for avoiding the penalty
• Recognize the purpose of a MyFTB Account, noting the information a tax practitioner has access to, as well as the authority to respond to FTB notices or file Powers of Attorney for clients