Searching Content indexed under Tax Authorities by Mike Shaikh ordered by Published Date Descending.
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Supreme Court To Consider Due Process Nexus
On January 11, 2019, the United States Supreme Court granted certiorari in North Carolina Department of Revenue v. The Kimberly Rice Kaestner 1992 Family Trust ("Kaestner").
United States
16 Jan 2019
California Office Of Tax Appeals Update
The California Office of Tax Appeals (OTA) was formed quickly last year as a result of legislation that overhauled many aspects of tax administration in the state.
United States
25 Sep 2018
Potential Traps For The Unwary In The California Office Of Tax Appeals Draft Regulations
The California Office of Tax Appeals, the new tax tribunal that will be assuming some of the functions of the California State Board of Equalization, has issued its initial set of draft regulations.
United States
7 Nov 2017
California Expands Voluntary Disclosure Program for Out‑of‑State Trusts
On September 25, Governor Brown signed into law Senate Bill No. 813, which updated the California Voluntary Disclosure Program (VDP) to include out-of-state trusts with California beneficiaries and non-resident partners of out-of-state partnerships, and to allow the Franchise Tax Board (FTB) to waive the S Corporation or partnership late-filing penalty for specified returns under the VDP.
United States
29 Sep 2017
California Supreme Court Holds Localities Can Apply Documentary Transfer Tax To Transfers Of Interests In Property-Holding Entities
The California Supreme Court, in a 6-1 decision, has held that a city or county may impose documentary transfer tax on the transfer of the ownership interests in a legal entity that owns real property...
United States
7 Jul 2017
California Tax Board Reform Bill Approved Yesterday As Part Of The State Budget
Yesterday, June 15, the California Legislature approved Assembly Bill 102, a bill that drastically overhauls the role of the BOE as a tax administrator, and as the highest administrative appeal body...
United States
3 Jul 2017
Did You Make The Multistate Tax Compact Apportionment Election In California? Watch Out For Penalties
On December 31, 2015, the California Supreme Court ruled against the taxpayer in The Gillette Company v. Franchise Tax Board.
United States
6 Dec 2016
Breaking News: California Supreme Court Hears Long-Awaited Gillette Oral Argument
Today, counsel for the taxpayer and the Franchise Tax Board ("FTB") argued before the California Supreme Court in The Gillette Company & Subs. v. California Franchise Tax Board.
United States
8 Oct 2015
California Court Of Appeal Hears Oral Argument In Lucent Technologies
On September 24, the Court of Appeal for the Second District heard oral argument in Lucent Technologies v. State Board of Equalization.
United States
1 Oct 2015
California Tax Developments
GO-Biz Rolls Out First Awards of 2015 For fiscal year 2015, the Governor’s Office of Business and Economic Development ("GO-Biz") is authorized to award $151.1 million in California Competes Tax Credits to taxpayers who apply for and compete for the lucrative credits. There were three application periods for the 2014-2015 fiscal year. On January 15, GO-Biz awarded $31 million in tax credits to 94 taxpayers.
United States
9 May 2015
California Tax Developments (4th Quarter 2014)
In our last quarterly update, we reported on a controversial opinion recently published by a California Court of Appeal.
United States
18 Feb 2015
California Tax Developments (3rd Quarter 2014)
On November 14, the Fresno County Superior Court determined that Swart, an Iowa-based corporation with a tangential investment in California, did not meet the statutory requirement for doing business in California.
United States
4 Dec 2014
California Taxpayers: Gillette Still An Option For The 2013 Return
What’s the Option? We’re all still waiting for a final decision in Gillette.1 In the meantime, taxpayers have an option for the returns due this fall. They may compute their apportionment using one of the following two methods:
United States
18 Aug 2014
California Tax Developments - A Reed Smith Quarterly Update (2nd Quarter 2014)
California's taxing agency gets reprimanded again; ordered to pay $2.6 million in attorneys' fees.
United States
13 Aug 2014
California Tax Developments
Superior Court deems Comcast and QVC are not unitary; determines early termination fee is business income.
United States
22 May 2014
California Quarterly Update (State Tax)
Welcome to the Reed Smith California State Tax Quarterly Update for the 3rd Quarter of 2013. With fall in full swing and summer an almost distant memory, we will update you on recent happenings in the California tax world ..
United States
9 Nov 2013
FTB To Clean Up Deferred Intercompany Stock Account Regulation
On July 25, the FTB held a public hearing on its proposed revisions to its regulation on intercompany transactions. The changes attempt to fix issues with the current rules governing Deferred Intercompany Stock Accounts ("DISAs").
United States
5 Aug 2013
California Quarterly Update (July 2013)
Welcome to the first edition of a series of quarterly updates from Reed Smith on California state tax developments. Every quarter, we will bring you legal updates and provide some insight on what taxpayers are facing in audits, administrative appeals, and litigation involving the Franchise Tax Board and the State Board of Equalization.
United States
27 Jul 2013
Gillette Reinstated. If Compact Is Elected, LCUP Penalty Shouldn't Apply
The First Appellate District of the California Court of Appeal has once again held that California taxpayers may avail themselves of the Multistate Tax Compact election.
United States
11 Oct 2012
Gillette Wins. You Win. Taxpayers Should Hurry To File California Refund Claims Before The Fall Deadline
Today, a California Court of Appeal held that taxpayers have the option of electing to single-weight (as opposed to double-weight) their sales factor to compute their California apportionment fraction.
United States
27 Jul 2012
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