Internal Revenue Code – California Globe

Income Tax Deductions

October 29, 2026 2:30 amOctober 29, 2026 2:31 am

Revenue and Taxation Code Division 2, Part 10, Chapter 3, Article 6 deals with deduction in computing taxable income under the California Personal Income Tax Law. Section 17201 provides that Part VI of Subchapter B of Chapter 1 of Subtitle...

The Man Who Hasn’t Paid Federal Income Tax Since 1993

October 14, 2026 3:00 pmOctober 15, 2026 1:38 pm

There are easier ways to keep a low profile than founding a school devoted to teaching Americans why you believe they don’t owe federal income tax. Peymon Mottahedeh chose the other route. Peymon founded Freedom Law School in 1996. The...

S Corporation Tax Treatment

October 6, 2026 2:00 pmOctober 6, 2026 2:01 pm

Revenue and Taxation Code Chapter 4.5 of Part 11 of Division 2 deals with the tax treatment of S corporations and their shareholders in California. Section 23800 provides that Subchapter S of Chapter 1 of Subtitle A of the Internal...

Personal Income Tax Laws

July 21, 2026 2:00 pmJuly 21, 2026 2:01 pm

California Revenue and Taxation Code Division 2, Part 10 deals with the Personal Income Tax Laws. Chapter 1 contains general provisions and definitions. Section 17001 names this part as the “Personal Income Tax Law.” Section 17002 specifies that the definitions...

Capital Gains and Losses

June 23, 2026 2:30 amJune 23, 2026 2:31 am

Division 2, Part 10, Chapter 14 of the Revenue and Taxation Code deals with the general rules for determining capital gains and losses under California’s Personal Income Tax Law. Section 18151 states that Subchapter P of Chapter 1 of Subtitle...

Is It Time for a Federal Tax Conformity Bill in California?

January 28, 2023 3:06 pmJanuary 29, 2023 10:42 am

The tax laws of most states are an off-shoot of the federal tax laws contained in the Internal Revenue Code (IRC). In California, the general rule is that California only conforms to federal law as it was in effect on...

California Wealth Tax Proposed in Constitutional Amendment

March 23, 2021 11:23 amMarch 26, 2021 6:48 am

On March 22, Assembly Members Alex Lee, Wendy Carrillo, Lorena Gonzalez, Miguel Santiago, Ash Kalra, Luz Rivas, and Mark Stone introduced Assembly Constitutional Amendment 8 to propose a wealth tax to be placed before the voters. Officially, ACA 8 is...