Latest Posts
Search for:
Category

California

Category

Finding the Market Through the Looking Glass: California Issues Sales Factor Sourcing Guidance

By , and 3 Mins Read

California’s long-anticipated market-based sourcing “guidance” is finally out. Legal Ruling No. 2022-01 provides the Franchise Tax Board’s take on how to find the market in certain business-to-business sales. Though the guidance emphasizes that a seller should look to where its direct customer receives the benefit of sales of services, it keeps with current market-based sourcing trends amongst states and directs taxpayers to source such receipts based on the location of the taxpayer’s customer’s customer. The…

California Taxpayers Must Report Unclaimed Property Filing History

By and 2 Mins Read

Beginning for tax year 2021, California will require businesses that file certain California tax returns to report their California unclaimed property filing history.  Specifically, most 2021 California business tax returns filed with the Franchise Tax Board (e.g., Forms 100, 565, and 568) have been updated to ask whether the entity has previously filed an unclaimed property Holder Remit Report with the State Controller’s Office, and if so, the date of the last report and the…

SALT Savvy: Coast-to-Coast SALT Updates – September

By , and 1 Min Read

The Baker McKenzie SALT team presented the third session of its monthly webinar series covering coast-to-coast state and local tax developments on September 2, 2020.  This month’s webinar focuses on hearings and conferences in 2020, new and ongoing litigation, market facilitator updates and more. If you were unable to attend the session, links to the recording and materials are provided below: View the recorded webinar Download the materials

SALT Savvy: Coast-to-Coast SALT Updates – July

By and 1 Min Read

The Baker McKenzie SALT team launched its monthly webinar on July 8, 2020 that covers coast-to-coast state and local tax developments.  The purpose of this webinar is to keep you informed of updates and trends that may affect your business. If you were unable to attend the session, links to the recording and materials are provided below: View the recorded webinar Download the materials

Load More