All about business January 2019 Tax News

Business Income: Where are we today – Update/changes related to partner/partnerships begin in 2019

The Office of Administrative Law recently approved our proposed amendments to the regulations for the Apportionment and Allocation of Partnership Income under R&TC Sections 25137-1 and 17951-4. The amended regulations will be effective January 1, 2019. Our FTB Final Regulations page has the Final Text that shows amended text in single underline with single strikeout for deletions.