The California Franchise Tax Board issued revised guidance stating that the personal income tax credit for taxes paid to another state is allowed for taxes paid to a “reverse credit” state by a California resident that is included in a group (composite) return filed in the other state when the other state does not allow […]
The post California ~ Personal Income Tax: Guidance on Credit for Taxes Paid to “Reverse Credit” State by Composite Return Revised appeared first on Tax & Accounting Blog.