New California Income Tax Manual From CCH Gives Practioners Crucial Guidance
(RIVERWOODS, ILL., June 25, 2002) – California tax practitioners
have a new resource to guide them to answers in the often perplexing
field of California income taxes and sort out the many situations in
which California conforms to and departs from federal tax rules. CCH
INCORPORATED (CCH), a leading provider of tax and business information
and software, has published the California Income Tax Manual by
Kathleen K. Wright, a comprehensive guide to the way in which
California imposes income taxes on individuals, corporations, estates,
trusts and other entities ($95, 586 pages). To order, call CCH at
1-800-248-3248 or visit the CCH Online Store at onlinestore.cch.com.
"Wright helps practitioners in this book just as she has
helped them for years in her popular continuing education
programs," said John Logan, senior analyst for CCH’s Federal
and State Tax group.
"The California Income Tax Manual is an essential
resource for any practitioner dealing with California income taxes.
The Manual provides timely and practical guidance in depth and
will be updated each year," Logan added.
Insightful Guidance on Every Issue
The California Income Tax Manual provides insightful
guidance on every issue that comes under the broad heading of income
tax, from annuity distributions through corporate liquidation.
The Manual addresses the personal income tax as it affects
both residents and non-residents, highlighting the differences between
the federal and California personal income tax systems and providing
detailed treatment of California credits and the taxation of
distributions from retirement plans.
Separate chapters cover business entities, such as partnerships, S
corporations, LLCs/LLPs and C corporations. Estates and trusts and
their operation, including the taxation of beneficiaries, are also
covered in a separate chapter.
Important issues for businesses such as nexus, allocation and
apportionment, the unitary business doctrine and combined reporting
all receive substantial treatment. The final chapters examine
California tax procedure and review special topics such as enterprise
zones, targeted tax areas and related issues.
Throughout, the California Income
Tax Manual points out the critical differences between California
rules and their federal counterparts. The Manual also assists
practitioners by tackling questions where California law is silent and
it is necessary to interpret statutory provisions that do not directly
address questions. Here, "real world" examples illustrate
developing solutions to questions.
About the Author
Kathleen K. Wright is a CPA and lawyer who lectures extensively to
California tax professionals for the Foundation for Continuing
Education of the California Society of CPAs. She also serves as a
professor in the Graduate Tax program at California State
University/Hayward and teaches in the graduate tax program at San Jose
State University. Her San Francisco practice focuses on personal and
small business tax planning, dealing primarily with California State
income tax issues. Ms. Wright serves on the Executive Advisory Board
of the California Franchise Tax Board.
Availability and Pricing
For more information or to order the 586-page California Income
Tax Manual, contact CCH at 1-800-248-3248 or visit the CCH Online
Store at onlinestore.cch.com.
Single copy price is $95 plus applicable tax, shipping and handling.
Quantity discounts and school adoption pricing are available.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was
founded in 1913 and has served four generations of business
professionals and their clients. The company produces more than 700
electronic and print products for the tax, legal, securities,
insurance, human resources, health care and small business markets.
CCH is a wholly owned subsidiary of Wolters Kluwer North America. The
CCH web site can be accessed at cch.com.
The CCH federal and state tax web site can be accessed at tax.cchgroup.com.
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