Ruling by
Terry Byron O'RourkeLower Court
San Diego County Superior CourtLower Court Judge
Gregory W. PollackNonresident shareholder's goodwill income was taxable because it was taxed on its pass-through pro rata share of the gain, which was business income sourced to California under the Uniform Division of Income for Tax Purposes Act.
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$895, but save $100 when you subscribe today… Just $795 for the first year!
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
Tax, Family
Seller beware – court rules that California can tax gain from the sale of goodwill
Aug. 9, 2022
By Walter R. Calvert, Kevin R. Ghassomian, Christopher N. Moran
By Walter R. Calvert, Kevin R. Ghassomian, Christopher N. Moran
Tax
Interests beware: Franchise Tax Board conflates Federal Gain Recharacterization Rules for hot assets with State Sourcing Rules
Aug. 16, 2022
By Walter R. Calvert, Theresa R. Clardy, Kevin R. Ghassomian
By Walter R. Calvert, Theresa R. Clardy, Kevin R. Ghassomian
Tax
California can tax you, even if you never set foot in California
Jan. 16, 2024
By Robert W. Wood
By Robert W. Wood
