Press Room: California Tax

August 24, 2015

Andersen Welcomes SALT Managing Director Glenn Walsh

Andersen is proud to announce Glenn Walsh as Managing Director in the Los Angeles office. Glenn joins the Commercial Practice in Southern California specializing in State and Local Tax. He has over 20 years ...

July 12, 2016

California Has $240 Million Up For Grabs for Companies Expanding In and/or Relocating to California

The California Competes Tax Credit (CCTC) provides businesses that plan to expand in California or relocate to California with a potentially significant negotiated income tax credit. California’s Governor’s Office ...

November 18, 2016

California Approves $61 Million of California Competes Tax Credits - $100 Million More Up For Grabs Beginning in January

On November 17, 2016, California approved $61 million of California Competes Tax Credits. The next application period begins January 2, 2017. The California Competes Tax Credit (CCTC) provides businesses a potentially significant negotiated income tax credit for increasing ...

June 15, 2017

California’s Gold Rush Continues - GO-Biz Approves Over $62 Million in Tax Credits

Applications for the Next Round Accepted Starting July 24, 2017 On June 15, 2017, the Governor’s Office of Business and Economic Development (GO-Biz) approved $62.8 million in California Competes Tax Credits (CCTCs) for 87 businesses expanding throughout ...

July 06, 2018

Michael Vigil Joins Andersen in California as a SALT Director

Andersen announces the addition of Michael Vigil as a Director with the San Francisco office, joining the firm’s State and Local Tax practice. Michael has over 19 years of experience in California ...

September 10, 2018

Recent Case Rejects California Franchise Tax Board’s Long-Standing Approach to Taxing Trusts

In March 2018, the California Superior Court in San Francisco ruled in favor of the taxpayer in Paula Trust v. California Franchise Tax Board (Paula Trust). The California Franchise Tax Board (FTB) has long ...

September 20, 2018

California Franchise Tax Board Proposes Significant Changes to Market-Based Sourcing Rules

California’s Franchise Tax Board (FTB) held its third Interested Parties Meeting (IPM) on May 18, 2018, to discuss proposed changes to California Code of Regulations Title 18 Sec. 25136-2, which enumerates the state&rsquo ...

September 20, 2018

California Decision Opens Door to Like-Kind Exchange Treatment For Drop and Swap Exchanges With Partnerships/LLCs

The California Office of Tax Appeals (OTA) has issued a decision that provides authority for California taxpayers to do drop and swap and similar swap and drop Sec. 1031 transactions. The decision gives California ...