California Individual Tax Hazards: 10 Strategies for Out-of-State Practitioners
2 Credits: Taxes
$98.00
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Secure Transaction California Individual Tax Hazards: 10 Strategies for Out-of-State Practitioners
Format
Webcast
Course Level
Basic
CPE Credits
2 Credits: Taxes
Course Description
The “California Individual Tax Hazards: 10 Strategies for Out-of-State Practitioners” course equips tax professionals with essential insights into the complexities of California’s individual tax regulations. Tailored for out-of-state practitioners, this course offers a comprehensive look at the unique challenges when preparing tax returns for clients with California ties. From residency rules to the mental health services tax, participants will learn strategies to navigate the state’s intricate tax laws and avoid costly mistakes, ensuring compliance and maximizing client outcomes.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- Distinguish between California residents, part-year residents, and nonresidents, and understand how each status affects taxation.
- Properly source income for clients with California ties, including wages, investments, and business income.
- Apply California’s community property rules to determine correct income allocation for married taxpayers.
- Navigate the tax implications of California real estate transactions and installment sales for out-of-state clients.
- Understand the mental health services tax and other state tax credit, and implement strategies for penalty management and relief using MyFTB.
Course Specifics
WC1824398160
September 17, 2024
None
None
Compliance Information
CTEC Course Number: 2071-CE-2064
CTEC State Credits: 2
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.
Meet The Experts
Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips. Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life …
Webcast
