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Tag: California Franchise Tax Board
Alternative Minimum Tax (AMT) on California C-Corps Explained for 2025
Legal Foundation Statute: California Revenue & Taxation Code (R&TC) § 23455 adopts the federal AMT regime (IRC § 55) with state-specific rates and adjustments. Rate: 6.65 percent of California alternative minimum taxable income (AMTI) after the state exemption; 8.65 percent for banks and financial corporations. Exemption: First $40,000 of AMTI is exempt; the exemption is […]
Can You Live in Nevada & Work in California to Avoid State Taxes? (2025 Edition)
Introduction Many people want to take advantage of Nevada’s 0% income tax while still working in high-paying California jobs. But can you live in Nevada and avoid California state taxes? The answer depends on your residency status, where your income is earned, and how well you’ve severed ties with California. California’s Residency-Based Tax Rules Applicable […]