Does California have any tax advantages?
None. California just has high TAXES. We have the highest sales taxes, the highest state income taxes, and our property taxes are in the top third. Businesses are fleeing California as fast as they can.
Most states have the legal ability to impose income taxes upon their businesses and/or residents. This is mainly accomplished by action taken by their state legislature and signature of the Governor of this State. Many States also require a Constitutional change to the State Constitution or laws that are done by a vote of the citizens of the State. It all depends on the State Laws and Organization of the State in Question. States have…
Someone can find information about California sales tax in BOE (Board of Equalization). In their website or in their branch. Many smart shoppers can find bargains online, but don't realize they can incur a tax bill in the process. California law requires tax on in-state purchases, and also requires tax on items purchased out-of-state for use in California.
Long term care insurance can be tax-deductible if you purchase a tax-qualified policy. There are many tax advantages to doing so, but paying your premium through a business will get you the best tax deductions. The actual amount of your premium that can be tax deductible depends on the type of business (C-Corp, S-Corp, partnership, etc.) and most benefits are generally tax free.
Should Californian business owner charge a buyer from Chicago sales tax for an item that will be resold in Chicago and the buyer do not have a valid seller's permit?
If the sale is via the internet and the California seller has no Illinois location, then no, you don't need to charge Illinois sales tax. You'll need to consult California tax law to know whether to charge him California tax, but probably don't need to charge it either. If the sale is in person in California, then yes, you should charge him California sales tax. If the sale is via the phone you could probably…
There are actually 4,071 practicing tax lawyers in the state of California and many have excellent ratings. Williams Law Associates out of Sacramento was voted 2013's best Calafornian Tax Litigation law firm. Robert W. Wood, of Wood LLP, was voted the 6th best tax attorney in California. Listings for the best California Tax Attorneys can also be found on Avvo.