State + local tax insights - Spring 2013 *

USA - May 6 2013
A state cannot include income in the apportionable base and then exclude the receipts and related factors that generated that very same income from…

Co-authors: Nicole L. Johnson.

Gillette wins Caifornia multistate compact case in Court of Appeal *

USA - July 25 2012
In 1966, the California Legislature adopted the Uniform Division of Income for Tax Purposes Act (“UDITPA”), a model law which had been promulgated in 1957 by the National Conference of Commissioners on Uniform State Law.

Co-authors: Eric J. Coffill, Andres Vallejo, Thomas H. Steele.

The California Franchise Tax Board re-issues legal division guidance on the research and development credit *

USA - March 20 2012
Internal Revenue Code (“IRC”) section 41 provides for a federal research and development credit for certain qualified research expenses, basic research payments, and other enumerated expenses.

Co-authors: Eric J. Coffill.

California Franchise Tax Board’s Financial Institution Record Match (“FIRM”) program gains traction *

USA - October 11 2011
Pursuant to a budget trailer bill chaptered into law on March 24, 2011, the California Franchise Tax Board (“FTB”) has the authority to operate and administer the Financial Institution Records Match (“FIRM”) program.

Co-authors: Carley A. Roberts .