The Halverson Difference
Individuals and businesses consult us on a broad range of California state and local tax issues, including property tax, sales tax, use tax, income tax, franchise tax, fuel tax, employment tax and business license tax matters, as well as California Enterprise Zone expansions and credits.
Recent News
FTB Issues Guidance on Itemized Deduction of Real Property Tax
Real property tax must be ad valorem to be deductible under IRC §164, to which CA law is fully conformed.
Los Angeles Offering Voluntary Disclosure Program
Program applies to business tax liabilities and will be in effect for 1yr. Penalties relieved if reasonable cause or circumstances out of taxpayer’s control.
FTB Issues Notice 2011-06, Chief Counsel Rulings for “Doing Business”
R&TC section 23101 was recently amended to add conditions for “doing business” in CA post 1-1-11.
HCD Issues Important Memo on EZ Administration
HCD suspended work on a number of pending EZ designations while Program changes were under consideration in the Governor’s budget proposals.