California SALT Developments: Nexus, PTE Election, TCJA Sunset, P.L. 86-272, Market-Based Sourcing
Recording of a 110-minute CPE webinar with Q&A
This webinar will cover critical state tax developments in California for tax advisers working with companies that may be liable for California income/franchise, sales and use, and/or other state and local taxes. Our presenters will explore the following topics: California's current response to the Multistate Tax Commission's (MTC) most recent revision to its Statement of Information on P.L. 86-272 and how it impacts taxpayers; the California Pass-Through Entity Tax (CA PTET) election and key issues to consider; California's new tax basis capital account reporting requirement; recent case law involving the California tax implications of the sale of a partnership and/or S-corporation interest; and other current issues. These topics should be of interest to tax advisers with clients that do business in California.
Outline
- California SALT: introduction
- Nexus developments
- The pass-through entity election
- Tax impact of TCJA sunset
- California's interpretation of P.L. 86-272
- Market based sourcing regulations
- Other issues
Benefits
The panel will cover these and other critical issues:
- California's narrow interpretation of P.L. 86-272
- Eligibility for the PTE election
- Specific activities that create nexus in California for income and sales and use tax
- Latest nexus challenges in California
Faculty
Michael J. Cataldo
Shareholder
Cataldo Tax Law
Mr. Cataldo represents corporate and individual clients in state and local tax controversies across the country during... | Read More
Mr. Cataldo represents corporate and individual clients in state and local tax controversies across the country during audits, administrative appeals, litigation and settlement. He also provides state and local tax planning and transactional advice. His practice focuses primarily on state and local corporate income and franchise tax, sales and use tax, real property transfer tax, personal income tax and gross receipts tax imposed by jurisdictions throughout the country. He regularly represents and advises clients from a broad range of industries on issues such as nexus, apportionment, business/non-business income, unitary combined reporting, and the taxability and sourcing of transactions for sales and use taxes.
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Rebecca Stidham
CPA, Partner – Tax Services
Withum Smith+Brown
Ms. Stidham is a Partner with over 17 years of corporate and pass-through tax compliance experience as a state and... | Read More
Ms. Stidham is a Partner with over 17 years of corporate and pass-through tax compliance experience as a state and local tax practitioner in public accounting. She specializes in State and Local Tax (SALT), Professional Services, Law Firm Services and Digital Health Services. Ms. Stidham has her CPA license in the state of California. In 2022, she was a 2022 CalCPA Women to Watch – Experience Leader Nominee, and in 2019 was a 2019 CalCPA Women to Watch – Emerging Leader Nominee.
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