Guidebook to California Taxes 2017

by Christopher Whitney

Overview

CCH's Guidebook to California Taxes is the essential handbook on California taxation. Widely used by practitioners and all those involved in California taxes, this time-saving guide is accepted as the premier source for quick reference to all taxes levied by the state, including personal and corporate income, inheritance and gift, sales and use, and property taxes. The 2017 Guidebook is the 67th Edition, reflecting significant new legislation, regulations, court decisions, and State Board of Equalization decisions through press time in December, 2016. It is authored by CCH Tax Law Editors with additional editorial commentary provided by highly-regarded tax practitioners, Bruce Daigh and Christopher Whitney of PricewaterhouseCoopers. This Guidebook is completely reviewed and revised every year for most accurate and up-to-date information on California taxes. This practical resource includes a guide to the preparation of California personal income tax returns--for residents, non-residents, and part-year residents. This special return preparation section discusses who must file, filing status, exemptions, deductions, rates, credits, where and when to file, extensions, and estimated taxes, as well as compliance procedures and requirements relevant to return preparation. A special summary of key new legislative, regulatory and judicial developments provides at-a-glance awareness of changes and the impact on taxpayers. The Guidebook also compares state taxes with federal taxes and illustrates the differences. Cross references make it easy to trace comparable California and federal provisions. The CCH Guidebook to California Taxes is designed to accomplish four main objectives: 1. Give an updated and comprehensive picture of the impact and pattern of all taxes levied by the state of California and also the general property tax levied by local governmental units. 2. Provide quick and reliable step-by-step guidance to the preparation of individual resident, nonresident, and part-year resident income tax returns. 3. Present a readable quick reference to the personal income tax and taxes on corporate income. 4. Tell you quickly what the California tax law provides, whether the provision is the same as the federal and, if so, the significance of the difference. For additional research, references to CCH's CALIFORNIA TAX REPORTS, CCH's U.S. MASTER TAX GUIDE and CCH's UNEMPLOYMENT INSURANCE REPORTS are provided throughout.

Product Details

ISBN-13:	9780808043850
Publisher:	C C H, Incorporated
Publication date:	12/28/2016
Edition description:	Older Edition
Product dimensions:	6.00(w) x 1.25(h) x 9.00(d)

Table of Contents

Highlights of 2016 California Tax Changes 11

Summary of Principal Hems of 2016 Legislation 19

Tax Calendar 21

Part I Tax Rate Schedules and Tables

Personal Income Tax Tables, Personal Income Rate Schedules, Franchise Tax and Corporation Income Tax Rates 23

Federal/State Key Feature Comparisons 30

Business Incentives and Credits 41

Part II Return Preparation Guide

Residents: Preparing Individual Form 540 45

Nonresidents and Part-Year Residents: Preparing Return Form 540NR 65

Part III Personal Income Tax

Federal-California Cross-Reference Table and Index 91

California-Federal Cross-Reference Table and Index 101

1 Imposition of Tax, Rates, Exemptions, Returns 115

1A Credits 169

2 Gross Income 227

3 Deductions 279

4 Accounting Methods and Bases, Inventories 335

5 Sales and Exchanges, Gain or Loss, Basis 349

6 Estates and Trusts, Pass-Through Entities 385

7 Administration, Deficiencies, Refunds 413

Part IV Taxes On Corporate Income

Federal-California Cross-Reference Table and Index 489

California-Federal Cross-Reference Table and Index 497

8 Imposition of Tax, Rates, Exemptions, Returns 513

9 Gross Income 579

10 Deductions 593

11 Accounting Methods and Bases, Inventories 617

12 Sales and Exchanges, Gain or Loss, Basis 625

13 Allocation and Apportionment 643

14 Administration, Deficiencies, Refunds 723

Part V Sales and Use Taxes

15 Sales and Use Taxes 739

Part VI Death Taxes

16 Death Taxes 801

Part VII Property Taxes

17 Property Taxes 803

Part VIII Miscellaneous Taxes

18 Unemployment Insurance Tax 829

19 Other State Taxes 831

Insurance Taxes 831

Motor Vehicle Taxes 833

Alcoholic Beverage Taxes 834

Special Taxes in Lieu of Property Tax 834

Cigarette and Tobacco Products Tax 834

Other Taxes and Fees 835

Realty Transfer Tax 838

Environmental Taxes and Fees 839

Part IX Directory/Resources

20 California Resources 841

Part X Doing Business in California

21 Fees and Taxes 851

Part XI Unclaimed Property

22 Unclaimed Property 855

Table of Cases Cited 865

Table of Franchise Tax Board Legal Rulings 873

Table of Franchise Tax Board Notices 874

California Tax Forms and Related Federal Forms 875

Index 883