Blog maintained by
Jared R. Callister

California Tax Review

Alert me when new articles are available

<form action="" method="post" target="popupwindow" onsubmit="', 'popupwindow', 'scrollbars=yes,width=550,height=520');return true"><input type="text" name="email" value="Email address" onClick="value=''" /><input type="hidden" value="flcz/california-tax-review" name="uri"/><input type="hidden" name="loc" value="en_US"/><input type="submit" value="Sign-Up" /></form>

When Parents Die...Often the Fighting Begins

This morning I ran across an article on ABC 30 discussing the family fight over certain rights to the Forestier Underground gardens. As is not too uncommon, once one or both of the parents pass away, sibling rivalry tends to amplify, old wounds are opened, and family members square off against each other.  In my experience, many parents have a "hope" that at their deaths, their children will learn to get along and will grow together as they seek to run the family business side-by-s

» Read more

GOP Tries Repeal of Estate Tax

Republicans in both houses of congress are introducing bills to permanently repeal the estate tax.  While bills like this are customarily introduced, the While House is taking steps to formally criticize these bills.  WH spokesman Josh Earnest even went so far as calling the bill "fiscally irresponsible".  The libertarian Cato Institute, on the other hand, calls the estate tax itself an "immoral" tax because it taxes income and earning that have already been taxed.  Repbuclicans argue that the estate tax harms businesses and family farms.

» Read more

Suspended CA Corporations Cannot File Tax Court Petitions

If you have a California entity, failure to timely file statements of information or timely pay or file state income taxes can lead to the entity's suspension.  Under CA law, when an entity is suspended, its corporate powers, rights, and privileges are suspended.  In addition, any contract entered into by the entity during the suspension is not enforceable unless the now revived entity seeks and obtains a Certificate of Voidability from the CA Sec. of State.

» Read more

Blue Shield of California Loses CA Tax Exemption

In August, the Franchise Tax Board actually revoked Blue Shield of California's state tax-exempt status and ordered it to file returns and pay taxes going back to 2013.  Although Blue Shield was not tax-exempt for federal tax purposes, it had attempted to retain its state tax-exempt status which it has maintianed for over 70 years.  Although the reasons for the revocation are not public, it is likely due to the fact taht the company is reported to hold massive billion dollar reserves, but makes annual charitable distributions that are much smaller.  The operative question is whether Blue Sh

» Read more