Category Archives: California

Bozo Tax Tip #1: Move Without Moving!

Posted on July 13, 2020 by Russ

Nearly nine years ago, we moved from Irvine, California to Las Vegas. The home in Irvine was sold, a home was purchased in Las Vegas, and the belongings went from the Golden State to the Silver State. Cars were re-registered, … Continue reading →

Posted in California, New York | Tagged | Comments Off on Bozo Tax Tip #1: Move Without Moving!

Bozo Tax Tip #7: Nevada Corporations

Posted on July 6, 2020 by Russ

As we continue with our Bozo Tax Tips–things you absolutely, positively shouldn’t do but somewhere someone will try anyway–it’s time for an old favorite. Given the business and regulatory climate in California, lots of businesses are trying to escape taxes … Continue reading →

Posted in California, Nevada | Tagged | Comments Off on Bozo Tax Tip #7: Nevada Corporations

2020 Best States for Business: Bring Me (mostly) the Usual Suspects

Posted on June 18, 2020 by Russ

Chief Executive magazine does a survey every year of the best and worst states for business. This isn’t just a list about taxes, but includes other factors; still, it’s a good survey of what business executives look at. The top … Continue reading →

Posted in California, Nevada, Texas | Comments Off on 2020 Best States for Business: Bring Me (mostly) the Usual Suspects

California Extends Filing and Payment Deadlines to July 15th

Posted on March 20, 2020 by Russ

California’s Franchise Tax Board announced late Wednesday that they have extended both the filing and payment deadlines until July 15th. This is for all individuals and business entities, and includes 2019 tax return, 2019 tax return payments, 2020 1st and … Continue reading →

Posted in California | Tagged | Comments Off on California Extends Filing and Payment Deadlines to July 15th

California’s Franchise Tax Board Extends Deadlines

Posted on March 14, 2020 by Russ

Yesterday, California’s Franchise Tax Board, the state’s income tax agency, extended the deadlines for taxpayers to both file and pay 2019 California income taxes (and 2020 California estimated taxes) by 60 days. Here is the announcement in full: Sacramento — … Continue reading →

Posted in California, Tax Preparation | Tagged | Comments Off on California’s Franchise Tax Board Extends Deadlines

California 7, Arizona 2

Posted on February 27, 2020 by Russ

The state of Arizona (specifically, Arizona Attorney General Mark Brnovich) is not happy with California’s policy of coming after any Arizona business that is even remotely doing business in California (passive or not) to collect the $800 minimum California franchise … Continue reading →

Posted in Arizona, California, Supreme Court | Comments Off on California 7, Arizona 2

An Update on Arizona v. California

Posted on December 23, 2019 by Russ

There’s been some news on Arizona’s attempt to stop California from requiring indirect passive owners of LLCs who happen to own other LLCs that invest in California from having to pay California’s $800 minimum franchise tax. When we last looked … Continue reading →

Posted in Arizona, California, Supreme Court | Comments Off on An Update on Arizona v. California

Out With the Fed Mandate; In With State Mandates

Posted on November 13, 2019 by Russ

Once upon a time there was the federal mandate to have health insurance; per the US Supreme Court, a “tax.” Well, beginning with 2019 tax returns (filed in 2020) the federal mandate is no more. Unfortunately, tax professionals and taxpayers … Continue reading →

Posted in California, District of Columbia, Massachusetts, New Jersey, Rhode Island, Vermont | Tagged | Comments Off on Out With the Fed Mandate; In With State Mandates

Regulations Matter, Too

Posted on November 5, 2019 by Russ

Last week, KABC (a Los Angeles television station) reported on a couple moving their small business from Canoga Park, California (in the San Fernando Valley area of Los Angeles) to Fort Worth, Texas. There’s nothing new about this story–companies relocate … Continue reading →

Posted in California | Comments Off on Regulations Matter, Too

Does My Business Owe California Tax?

Posted on October 30, 2019 by Russ

Assume you operate a business as a tax professional in Las Vegas. Or Des Moines. Or Albany. Or anywhere outside of California. You’ve been in business for years, and don’t solicit new clients (other than having a website). Your only … Continue reading →

Posted in California | Comments Off on Does My Business Owe California Tax?