California's tax system overhaul creates more questions than answers for businesses.
In response to this crisis of confidence regarding the BOE, Sacramento leaders rushed through the rather opaque budget process to gut it and place most of its functions in two brand-new California taxing agencies through legislation called The Taxpayer Transparency and Fairness Act of 2017.
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U.S. states look to tax day to gauge fallout from federal tax law.
Taxpayer actions in response to sweeping federal tax changes passed by the U.S. Congress late last year will likely force states that tax personal income to tear up their revenue forecasts and start again.
1 million Californians will owe $12 billion more next year.
President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now. They’re the Californians who will lose a collective $12 billion because the new law caps a deduction they have been able to take for paying their state and local taxes,
How Trump's new tax bill will impact star athletes.
High-earning athletes are dramatically impacted by the new tax bill. But it all depends on where their team plays and where they live. If location, location, location represents the three most important words in real estate, it doubles as the slogan for tax implications.