CA PPP Tax Free - Amending partnership return

Technical topics regarding tax preparation.
#1
Wiles  
Posts:
5052
Joined:
21-Apr-2014 9:42am
Location:
CA
Lazy question ---

We filed a fiscal year 9/30/20 partnership tax return showing PPP as taxable to CA. They qualify for tax free under the recent bill, AB80, that was signed last month.

Can we just simply amend the CA partnership tax return? Or does CA subscribe to the same Federal consolidated audit procedures requiring me to figure out what hoops I am going to need to jump through to correct this?
 

Return to Taxation



Who is online

Users browsing this forum: BigJohnNJEA, EZTAX, golfinz, Google [Bot], Google Adsense [Bot], GRobCPA, HowardS, ImposterTax712, JoJoCPA, JR1, MAPCPA60, MilesR, RuthC, sjrcpa, SUSAN, Webster, zl28 and 193 guests