Tax Notebook Blog

Gray Line

Visit the Boutin Jones Tax Notebook to learn about the latest developments and rulings in California and federal tax law.

California Small Business Hiring Tax Credit Application Period Underway

On September 9, 2020, Senate Bill 1447 was signed into law and created a new tax credit…

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The CARES Act and Qualified Improvement Property

A provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act has provided a much-anticipated technical…

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Section 199A, SSTBs and Related Parties

Introduction. The Tax Cuts and Jobs Act of 2017 (the “Act”) added Section 199A to the Internal…

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The Long Arm of California’s Franchise Tax Board

In two recent decisions, both of which will be precedential, the California Office of Tax Appeals (OTA)…

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Section 1202 Qualified Small Business Stock Benefits Revisited

As we make it through 2020 and into 2021, one should consider revisiting the choice of entity…

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California 1031 Exchange Scoreboard: TAXPAYERS 3 – FTB 1

In recent years, the California Franchise Tax Board (the “FTB”) has become known for auditing like-kind exchanges…

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