California's "doing business" standard may create new franchise tax filers

myStateTaxOffice
California's expanded definition of "doing business" may create new franchise tax filers, according to the California Franchise Tax Board (FTB) in a recently issued news release. The release indicates that this expanded definition may cause corporate limited partners previously subject to the corporate income tax to be now subject to the corporate franchise tax, including the minimum tax. (FTB Taxnews, March 2011, 03/01/11)


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