Searching Content indexed under Franchising by Morrison & Foerster LLP ordered by Published Date Descending.
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California FTB Ruling Addresses Definition Of A Financial Corporation
A recently issued California Franchise Tax Board Chief Counsel ruling provides important guidance on the scope of a regulation regarding qualification as a "financial corporation" for California corporation franchise...
United States
29 Nov 2018
New York State Tax Department Releases Draft Combined Reporting Regulations Under Corporate Tax Reform
The New York State Department of Taxation and Finance has released draft amendments to the Article 9-A corporate franchise tax regulations.
United States
28 Jan 2016
FTB Releases Plans For May Department Stores Interest Computation Adjustments
At the prompting of the California Taxpayers Association and practitioners earlier this year, FTB has been examining its longstanding and widespread misapplication of interest calculations relating to May Department Stores...
United States
11 Aug 2015
Recent NY State Decision: Corporations Properly Filed New York Combined Return
The New York State Tax Appeals Tribunal affirmed that IT USA, Inc. and a sister corporation properly filed combined Corporation Franchise Tax returns.
United States
1 May 2014
The California Franchise Tax Board Re-Issues Legal Division Guidance On The Research And Development Credit
Internal Revenue Code ("IRC") section 41 provides for a federal research and development credit for certain qualified research expenses, basic research payments, and other enumerated expenses.
United States
23 Mar 2012
California Franchise Tax Board's Financial Institution Record Match ("FIRM") Program Gains Traction
Pursuant to a budget trailer bill chaptered into law on March 24, 2011, the California Franchise Tax Board ("FTB") has the authority to operate and administer the Financial Institution Records Match ("FIRM") program.
United States
17 Oct 2011
Franchise Tax Board Issues Legal Ruling Regarding Calculation Of Net Operating Loss Carryover Periods
California generally conforms to the federal provisions regarding net operating loss ("NOL") deductions. However, California’s seemingly endless battle with budget deficits has resulted in periodic suspensions of California taxpayers’ ability – both personal and corporate – to take NOL deductions.
United States
4 Oct 2011
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