If you or your business earns income in other states, you are required to file State tax returns where applicable. Multi-state income tax returns for California residents require apportionment of income based on several key factors. You may be able to receive credit for taxes paid in other States on your California return. Our team of experts can help you maximize your tax savings by identifying corresponding allowable expenses in States where you are claiming income. Every industry has its special allowances.
Individuals who have rental income in other States where a State tax return is required are subject to filing as well. Let us help you ensure that you properly plan and pay taxes on a timely basis to avoid late penalties and interest on passive income.
We can also help you with the registration process in other States if you are required to be a Foreign Corporation in order to do business in that State. Every State has its own rules and having a professional guide you through the various tax laws and regulations can make doing business in other States simple and straightforward.