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California Schedule EO (565/568) – Pass Through Entity Ownership

Published on: September 16, 2011 | 562 Comments

Beginning with the 2011 taxable year, partnerships and limited liability companies (LLC) will use the proposed California Schedule EO, Pass-Through Entity Ownership, for reporting pass-through entity ownership interests in entities that file federal Form 1065 or that are disregarded. According to the proposed Schedule EO the taxpayer asked to identify by name, Secretary of State [...]

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California Capital Gain Tax Rate

Published on: September 12, 2011 | 303 Comments

There is a concern that capital gains rates may increase in 2010 and go back to 10% and 15%. At the present, the 0% and the 15% capital gains are set to expire on December 31, 2010 and if congress does not extend the current capital gains rates, they will increase to 10% and 15% [...]

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California Proposition 25

Published on: | 578 Comments

10/05/2010 In order for California to pass a budget, there needs to be an affirmative vote of two-thirds of the legislators in both the General Assembly and Senate. The effect of this is three fold. First, it has provided the minority party, currently Republicans, clout in disproportion to their representation in the legislature. Second, it [...]

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