Day: February 12, 2020

Manage Your Partnership Interests: Technical Termination Rules for California

On July 1, 2019, California’s Governor, Gavin Newsom, signed Assembly Bill 91 (A.B. 91) into law. This bill conforms selective tax laws in California to the changes made under the Tax Cuts and Jobs Act of 2017 (TCJA). These changes impacted technical terminations for partnerships as follows: Repeals the partnership technical termination provision to conform

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