Real Estate Withholding Credit for Pass-Through Entities

By Richard Burt | 01/08/2015

The California Franchise Tax Board (FTB) has recently published a reminder about credit for real-estate withholding. According to the FTB: Pass-through business entities that pass through their income, deductions, and credits to the owners must also pass through the real estate withholding credit. What is a pass-through entity? It is an S corporation, limited partnership,…

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Changes to California’s LLC Act — Get Ready or Get Skewered

By Richard Burt | 01/02/2014

California has a new LLC act, which took effect January 1, 2014. Although the new law has some useful features, most LLCs won’t need them. Unfortunately, the new law automatically applies to existing LLCs, and the new law contains provisions that can alter the setting for members of existing LLCs in a legally lethal way.…

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