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Tag: IRS compliance
Grantor Trusts & CA Startup Shares: Avoid These Tax Traps
If you’re using a grantor trust to hold startup equity a common strategy among founders for estate and tax planning there’s a good chance you’ve heard about the federal tax benefits. But if you’re in California, you also need to think about the Franchise Tax Board (FTB) because California may not treat that trust the […]
QSBS & California: 0% State Exclusion? Myth-Busting the Rules
Introduction You may have heard that Qualified Small Business Stock (QSBS) offers a 0% tax rate, but in California, this is where myths and reality diverge sharply. In this 2025 guide, we’ll unpack whether California honors IRC §1202 exclusions, how state sourcing affects your gain, and what founders need to know about myth-busting QSBS treatment […]
Types of Taxes in California: What Residents & Businesses Must Pay (2025 Guide)
Introduction California has one of the most complex tax structures in the U.S. Residents and businesses are subject to multiple taxes, including income tax, sales tax, and franchise tax. Understanding these obligations is crucial for compliance and tax planning. Overview of California’s Tax System California collects revenue from individuals and businesses through various tax channels: […]