California Tax Update: Part 2 (Currently Unavailable)

Author: Eva Rosenberg

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours California Tax for CTEC

In December 2015 Congress passed a comprehensive set of laws through the PATH Act of 2015 and Protecting Americans From Tax Hikes Act Of 2015. In 2017, Congress gave us The Tax Cuts and Jobs Act which became law on 12/22/17. On February 2, 2018, Congress passed the Bipartisan Budget Act of 2018. The State of California conformed to some provisions and not others.

Join Eva Rosenberg, EA, as she walks through essential information for tax professionals preparing 2018 individual California tax returns. This course will help you understand where California tax laws differ from the U.S. Internal Revenue Code in order to prepare your clients’ 2018 tax returns.

Publication Date: October 2018

Designed For
California perparers needing to meet their CTEC qualifications for the year, as well as any tax practitioner or preparer needing to prepared California tax returns for 2018.

Topics Covered

  • Breaking News — New Legislation about dissolving Corps and LLCs!
  • CA conformity or lack of, to Tax Cuts and Jobs Act
  • CA resident vs non‐resident
  • CA marijuana‐related deductions
  • CA depreciation differences
  • CA cancellation of debt
  • CA cancellation of debt
  • Tax‐free exchanges — inside and outside California
  • CA pensions after moving out of CA
  • California Estate and Gift issues
  • Using the MyFTB online system

Learning Objectives

  • Recognize the specific and distinct California tax issues for California individual taxpayers, especially when California law does not conform to federal law.
  • Describe The Ralite Decision
  • Differentiate which tax provisions California conforms to
  • Describe characteristics of a California resident
  • Identify how cannabis-related businesses are the same for the IRS and California
  • Recognize how much California allows for
  • Differentiate correct statements about how California treats tax-free exchanges when the replacement property is outside California
  • Recognize which entities qualify for the FTB penalty abatement under the new law
  • Describe California non-residents
  • Recognize California's Section 179 depreciation limits
  • Identify how Federal law prohibits taxing California retirement income earned when you move to another state
  • Recognize who administers the California Gift and Estate tax laws
  • Differentiate acceptable ways to sign on behalf of a taxpayer when you have a durable power of attorney, even if you attach it to a Form 3520
  • Recognize what a POA can do at MyFTB that a TIA cannot do
  • Describe the scope of duties The California Taxpayer Advocate does
  • Identify what individuals may do by logging into their MyFTB account


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of California tax.

Advance Preparation

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