Tax
Jan. 16, 2024
California can tax you, even if you never set foot in California
California’s attempts to tax nonresidents often lead to controversies, as evidenced by the well-publicized tax disputes that many people seem to face after they leave the state. But there are other tax traps too, even if you were never a resident.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
If you live or do business in California, state taxes are a significant part of the overall taxes you pay. Your tax bill with the IRS may be bigger overall, but state taxes are high, up to 14.4% for individuals and 8.84% for businesses set up as corporations. Does that 14.4% rate sound even higher than you remembered? For years, the top rate in the Golden State was 13.3%, but it was hiked by 1.1% to 14.4% starting in January, 2024.
The ne...
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