California Tax Blog

Helping Taxpayers Throughout California

Rex Halverson

FTB Releases New Employment Credit Report

The newly released Franchise Tax Board’s Report on the New Employment Credit (NEC) indicates that the credit is a bad joke on California businesses as less than $4 million in credits were actually claimed in 2014 when an estimated $22 million was projected by the FTB. That’s a paltry 18% of the best estimates. This

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Rex Halverson – 2016 Top Lawyers in Sacramento

Rex Halverson has been named one of the 2016 Top Lawyers in Sacramento by Sacramento Magazine. Inclusion on this prestigious list cannot be purchased and is only awarded to lawyers who are selected by a vote of their peers. Keep an eye out for Rex in the August 2016 issue of Sacramento Magazine.

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Internet Tax Freedom Act

The U.S. Senate finally passed the Trade Facilitation and Trade Enforcement Act on February 11, 2016 by an overwhelming vote of 75-20, which had buried within its many provisions, the Permanent Internet Tax Freedom Act. Senate action had stalled the bill for months because of the dispute over taxing Internet sales. The bill has now been to the President

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CA Sales & Use Tax for Medical Marijuana Dispensaries

I noticed several ads in the local newspaper this weekend that advertised medical marijuana and offered “Free 1/8th with any $40 min. donation” or “Free ½ gram concentrate.” Additionally, there were offers for “3% back for Every Donation” and “20% off when you preload your Loyalty Member Rewards Card.” Although these ads are probably effective

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FEDERAL TAX EXTENDERS 2015

PERMANENT PROVISIONS The new legislation makes numerous tax relief provisions permanent, including these major ones: Research and Development Credit (base credit, 14% Alternative Simplified Credit, eligible small businesses (50 million or less in gross receipts) may claim the credit against AMT and certain small businesses (less than 5 yrs. old with less than $5 million

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Winding Down an LLC in California

A funny thing happened to me as I tried to wind down the affairs of an old LLC on 12/16/15.  I began my day by pulling up the form LLC-4/7, Certificate of Cancellation of a Limited Liability Company on the Secretary of State’s website and filling it out online. I then mailed it in. Two

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Knowledgeable Property Tax Dispute Resolution Advisor

Rex was the point person on a property tax dispute that lasted for several years (including time before I joined the company). He facilitated communications between the company and other subject matter experts and was able to lend his expertise to help guide the process to conclusion. While the end result was not necessarily favorable

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Out of State LLC

Rex quickly researched a tax questions about our KS LLC filing status in CA. We had information from other tax attorneys, but nothing clear and definite. His prompt attention to our questions makes it easy for us to move forward on the issue. He was professional, respectful, and knowledgeable. We highly recommend him. Susan, 4/28/15

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California State & Local Tax

I worked together with Rex in the State and Local Tax practice at KPMG, and since leaving the Firm have continued to seek out his advise and assistance with California tax matters. I was a partner on the east coast and never hesitated to reach out to Rex for help with a California matter. He

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FTB Matter

My wife and I had the pleasure of working with Mr. Halverson regarding a FTB audit of our residency. We found Mr. Halverson to be very hard working and he helped us to fully understand the appeals process. In the end, we were successful in our appeal with the BOE. Johnnie, 5/7/15

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