1. Michael Gray, CPA's Tax and Business Insight August 2021.
- Author
-
Gray, Michael C.
- Subjects
BUSINESS tax ,TAX credits ,SCHOOL schedules ,SUMMER vacations (Schools) ,ALTERNATIVE minimum tax ,REAL property tax ,CHILD tax credits ,TAX returns - Abstract
The California Franchise Tax Board erroneously issued notices that overpayments from 2020 income tax returns that taxpayers elected to apply to estimated tax would be refunded. The NQSOs and RSUs were compensation for services provided in California, so the income from them was California-source income taxable in California. Keywords: business; rental income; California source; individual income tax return; executor; estate; federal income taxes; infrastructure deal; plug-in vehicle credit list; levy; advanced child tax credit; payments; joint tax court petition; french resident taxpayer; California tax; ex-spouse; franchise tax board; 2020 overpayments; 2021 estimated tax EN business rental income California source individual income tax return executor estate federal income taxes infrastructure deal plug-in vehicle credit list levy advanced child tax credit payments joint tax court petition french resident taxpayer California tax ex-spouse franchise tax board 2020 overpayments 2021 estimated tax N.PAG N.PAG 1 09/23/21 20210805 NES 210805 PHOTO (COLOR): Janet and me on our wedding day and from a recent visit to the Cathedral Room at Lake Shasta Caverns Janet and I celebrate our 50th wedding anniversary. [Extracted from the article]
- Published
- 2021