California Trustees Beware
Provider: Taxation Section, State Bar of California
2008 Annual Meeting of the California Tax Bar & California Tax Policy Conference

November 7, 2008

Speaker: Wendy Abkin

Overview of audit activity and increased enforcement efforts by the Franchise Tax Board in connection with trusts subject to California income tax. Panelists address the various bases for taxation, such as presence of California "fiduciaries," non-contingent beneficiaries, and California-source income and consider opportunities and obstacles for trustees who wish to correct past filing errors.