Pillsbury Tax Page

<body bgcolor="#FFFFFF" text="#000000" link="#003399" alink="#000000" vlink="#660000"> <center><table width=468 border=0> <tr><td><img src="images/logoBanner180x165.gif" align=left height=165 width=180 alt="Pillsbury Winthrop Shaw Pittman LLP Tax Page [11K]"> <br clear=left><br><br></td></tr> <tr><td><a href="http://www.pillsburylaw.com" target="_top"><b>Pillsbury Winthrop Shaw Pittman <font size=-1>LLP</font></b></a> is an international law firm with offices in San Francisco, New York, Washington, D.C., Los Angeles, London, Beijing, Shanghai, Tokyo and Abu Dhabi, as well as Northern Virginia, Palm Beach, Florida, Houston and Austin, Texas and San Diego, Sacramento and Palo Alto, California.<p> <font size =-1>This material is presented as a World Wide Web demonstration by the tax department of <a href="http://www.pillsburylaw.com" target="_top">Pillsbury Winthrop Shaw Pittman LLP</a>. <A HREF="mailto:comments@pmstax.com">Comments</A> are welcome on the design or content of this material. <noscript><b>If you find any of our material contained within another site's frames, we ask that you <a href="http://www.pmstax.com/index.shtml" target="_top">use this link</a> to break out.</b></noscript></font><p><hr>  <h4>Only 42 Days Left Until April 15</h4><p> If you're having trouble reaching the IRS forms site, you can try our <a href="forms/index.shtml" target="_top">forms collection</a>.<p> If April 15, 2015 is approaching a little too rapidly and you have or can obtain the <a href="http://get.adobe.com/reader/" target="_top">Acrobat Reader</a>, you may wish to download or view <a href="./ftp/forms/2014/f4868.pdf" target="_new">IRS Form 4868</a>, <b>Application for Automatic Extension of Time to File U.S. Individual Income Tax Return</b>, an on-screen pdf file.<p> Individual <b>California</b> taxpayers receive an automatic extension of time until October 15, 2015 to file their 2014 tax returns without the need to file an extension request, but should use <a href="./ftp/forms/2014/ftb3519.pdf" target="_new">Form FTB 3519</a>, <b>Payment Voucher for Automatic Extension for Individuals</b>, an on-screen pdf file, to pay their 2014 California personal income tax by April 15, 2015 in order to avoid late payment penalties and interest.<p> See our <a href="forms/index.shtml" target="_top">forms collection</a> for information on using tax forms in Acrobat on-screen pdf format.<p><hr><p> <h4>Recent Tax Page Quick Takes</h4><p> <center><table><tr valign=top> <td width=120><font size=-1>March 3, 2015</font></td> <td width=382><a href="./quickTakes/SCOTUS-Direct-Marketing-150303.shtml" target="_top">United State Supreme Court Interprets Tax Injunction Act in <i>Direct Marketing Association v. Brohl</i></a>.<p></tr></td> <tr valign=top> <td width=120><font size=-1>March 2, 2015</font></td> <td width=382><a href="./quickTakes/AFRchange-150302.shtml" target="_top">Proposed Change to Adjusted AFRs</a>.<p></tr></td> <tr valign=top> <td width=120><font size=-1>January 23, 2015</font></td> <td width=382><a href="./quickTakes/UK-DPT-150123.shtml" target="_top">Proposed UK Diverted Profits Tax (Google Tax)</a>.<p></tr></td> </table></center> See the complete listing of <a href="./quickTakes/index.shtml" target="_top">Tax Page Quick Takes</a>.<p> <font size=-1>Quick Takes contain short summaries and highlights of recent tax developments often with links to underlying material.</font> <p><hr><p> <h4>OECD BEPS</h4> Material from the <a href="./intl/OECD-BEPS/index.shtml" target="_top">Base Erosion and Profit Shifting Project</a> from the Organization for Economic Cooperation and Development's Center for Tax Policy and Administration. <p><hr><p> <h4>Other Items</h4><p> Our December 2014 State & Local Tax Bulletin, containing <a href="./state/transferTax-1412.shtml" target="_top">Court of Appeal Holds Transfer TaxApplies to Legal Entity Changes in Ownership</a> (15K) and <a href="./state/outline-1412.shtml" target="_top">What Every Trusts and Estates Attorney Should Know About Changes in Ownership</a> (46K). View the <a href="./ftp/state/bull1412.pdf" target="_top">printed, Adobe Acrobat (337K) version</a>.<p> Our July 2014 State & Local Tax Bulletin, containing <a href="./state/DMA-1407.shtml" target="_top">United States Supreme Court to Review <i>Direct Marketing</i></a> (10K) and <a href="./state/OceanAvenue-1407.shtml" target="_top"><i>Ocean Avenue v. County of Los Angeles</i> and AB 2372</a> (8K). View the <a href="./ftp/state/bull1407.pdf" target="_top">printed, Adobe Acrobat (229K) version</a>.<p> Our June 2014 International Tax Bulletin, <a href="./intl/FBAR-1406.shtml" target="_top">DOJ Secures Verdict in Excess of $2 Million for Failure to File FBARs</a> (9K). View the <a href="./ftp/intl/bull1406.pdf" target="_top">printed, Adobe Acrobat (165K) version</a>.<p> Our April 2014 State & Local Tax Bulletin, containing <a href="./state/CApropTaxIndian-1404.shtml" target="_top">Federal Rule and Ninth Circuit Opinion Create Huge Opportunities on Indian Land</a> (14K) and <a href="./state/SFGRT-1404.shtml" target="_top">Lingering Questions About the San Francisco Gross Receipts Tax</a> (65K). View the <a href="./ftp/state/bull1404.pdf" target="_top">printed, Adobe Acrobat (372K) version</a>.<p> Our March 20, 2014 State & Local Tax Update, <a href="./state/ccc-140320.shtml" target="_top">California Competes Tax Credit Application Period Ends April 14, 2014</a> (4K).<p> Our February 2014 Partnership Tax Bulletin, <a href="./part/RP2014-12-1402.shtml" target="_top">IRS Issues Long-Promised Guidance Following Historic Boardwalk Decision</a> (32K). View the <a href="./ftp/part/bull1402.pdf" target="_top">printed, Adobe Acrobat (188K) version</a>.<p> Our February 2014 State & Local Tax Bulletin, containing <a href="./state/ccc-1402.shtml" target="_top">February 18th Deadline for Comments on California Competes Tax Credit Regulations</a> (7K) and <a href="./state/caNEC1402.shtml" target="_top">Deadline Approaching for California's New Employment Credit</a> (26K). View the <a href="./ftp/state/bull1402.pdf" target="_top">printed, Adobe Acrobat (255K) version</a>.<p> Our December 2013 State & Local Tax Bulletin, <a href="./state/ccc-1312.shtml" target="_top">GO-Biz Releases California Competes Tax Credit Draft Proposed Regulations</a> (25K). View the <a href="./ftp/state/bull1312.pdf" target="_top">printed, Adobe Acrobat (203K) version</a>.<p> Our October 2013 State & Local Tax Bulletin, <a href="./state/QSBS-1310.shtml" target="_top">California Reinstates Qualified Small Business Stock Benefits</a> (4K). View the <a href="./ftp/state/bull1310.pdf" target="_top">printed, Adobe Acrobat (153K) version</a>.<p> Our February 2013 Tax Bulletin, containing <a href="./gen/QSBS-1302.shtml" target="_top">Qualified Small Business Stock Developments</a> (11K) and <a href="./gen/PTIN-1302.shtml" target="_top">Tax Return Preparer Litigation</a> (9K). View the <a href="./ftp/gen/bull1302.pdf" target="_top">printed, Adobe Acrobat (137K) version</a>.<p> Our April 2012 International Tax Bulletin, containing <a href="./intl/FATCA-stock-1204.shtml" target="_top">FATCA Creates New Issues for Cross-Border Stock and Other Incentive Compensation Plans</a> (14K) and <a href="./intl/FATCA-pension-1204.shtml" target="_top">New FATCA Regulations Solve Some Issues for Pension Plans, But Other Problems Remain</a> (16K). View the <a href="./ftp/intl/bull1204.pdf" target="_top">printed, Adobe Acrobat (234K) version</a>.<p> See our <a href="./bulletins.shtml" target="_top">Tax Bulletins</a> listing for earlier material or use our <a href="./searchSite.shtml" target="_top">search</a> feature.<p><hr><p> <H4>Other Tax-Related Topics</H4><P> <A HREF="acqbasic/index.shtml" target="_top">An Introduction to U.S. Taxation of Corporate Acquisitions</A>. A Tax Page "classic," now updated for developments through September 2007, including 2003 disregarded entity merger regulations, 2004 "anti-inversion" legislation, 2006 foreign merger regulations and 2007 continuity of interest "signing date" temporary regulations.<p> <A HREF="sec83/index.shtml" target="_top">Section 83 Materials</A>. Code and Regulations relating to "property transfered in connection with the performance of services" and a <nobr>§ 83(b)</nobr> election form.<p> <hr> <h4>Other Pillsbury Winthrop Shaw Pittman Material</h4><p> The general <a href="http://www.pillsburylaw.com" target ="_top">Pillsbury Winthrop Shaw Pittman <font size=-1>LLP</font></a> web site.<p><hr> <H4>About this Site</H4><P> We have tested these pages with other but by no means all browsers, so if you experience difficulties viewing this material, please let us know.<p> <b>The information presented is only of a general nature, intended simply as background material, is current only as of its indicated date, omits many details and special rules and accordingly cannot be regarded as legal or tax advice.</b><p>  This World Wide Web demonstration is under the direction of <A HREF="cgi/getBio.cgi?WAINWRIGH_CB" target="_top">Brian Wainwright</A>, a tax partner in the Palo Alto office of Pillsbury Winthrop Shaw Pittman <font size=-1>LLP</font>.<p> <center> <img src="images/logo48x40.gif" height=37 width=40 alt="Pillsbury Winthrop [1.9K]"></center><p> <font size=-1>&copy 2015 Pillsbury Winthrop Shaw Pittman <font size=-2>LLP. <font size=-1>All Rights Reserved.<br>1540 Broadway, New York, NY 10036-4039. 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