In part two of Aprio’s conversation with Michael Cataldo from Cataldo Tax law firm, we explore the distinction between business and non-business income and the complexities of the throw-out rule in California’s evolving tax landscape. Michael also highlights current cases to watch, why early issue identification is critical for taxpayers, how major transactions can trigger sourcing disputes, and why practitioners should stay proactive with return reviews and apportionment strategies to help reduce audit risk.
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