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, Shanghai, Tokyo and Abu Dhabi, as well as Northern Virginia, Houston, 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 37 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, 2014 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="./forms/f4868.shtml" target="_top">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, 2014 to file their 2013 tax returns without the need to file an extension request, but should use <a href="./forms/ftb3519.shtml" target="_top">Form FTB 3519</a>, <b>Payment Voucher for Automatic Extension for Individuals</b>, an on-screen pdf file, to pay their 2013 California personal income tax by April 15, 2014 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> <h4>Latest Items</h4><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> Our June 2011 International Tax Bulletin, <a href="./intl/fbar/fbar-1106.shtml" target="_top">Foreign AccountsExtended Due Date for Certain FBARs for 2009 and Earlier</a> (2.5K).<p> Our May 2011 International Tax Bulletin, <a href="./intl/fbar/fbar-1105.shtml" target="_top">Foreign AccountsRecent IRS Enforcement Activity and June 30th Reporting Deadline</a> (16K). View the <a href="./ftp/intl/bull1105.pdf" target="_top">printed, Adobe Acrobat (187K) version</a>.<p> Our January 2011 State & Local Tax Bulletin, containing <a href="./state/caGovTax1101.shtml" target="_top">Governor Brown's 2011-2012 California Budget Tax Proposals</a> (5K) and <a href="./state/caLLCnexus1101.shtml" target="_top">California Franchise Tax BoardMere Ownership of Disregarded Entity Creates Franchise Tax Nexus</a> (6K). View the <a href="./ftp/state/bull1101.pdf" target="_top">printed, Adobe Acrobat (137K) version</a>.<p> Our November 2010 Tax Bulletin, <a href="./gen/ISOrpt-1011.shtml" target="_top">New IRS Reporting Required in Early 2011 for 2010 Exercises of Incentive Stock Options and Transfers of Stock Purchased Under ESPP</a> (7K). View the <a href="./ftp/gen/bull1011.pdf" target="_top">printed, Adobe Acrobat (134K) version</a>.<p> Our November 2010 State & Local Tax Bulletin, <a href="./state/caDev1011.shtml" target="_top">California Franchise Tax DevelopmentsFall 2010</a> (82K). View the <a href="./ftp/state/bull1011.pdf" target="_top">printed, Adobe Acrobat (351K) version</a>.<p> Our October 2010 State & Local Tax Bulletin, <a href="./state/caBudget1010.shtml" target="_top">Tax Provsions of the 2010-2011 California Budget</a> (10K). View the <a href="./ftp/state/bull1010.pdf" target="_top">printed, Adobe Acrobat (141K) version</a>.<p> Our August 2010 International Tax Bulletin, <a href="./intl/FTC-1008.shtml" target="_top">Foreign Tax Credit Changes in P.L. 111-226</a> (20K). View the <a href="./ftp/intl/bull1008.pdf" target="_top">printed, Adobe Acrobat (162K) version</a>.<p> Our June 2010 Tax Bulletin, containing <a href="./gen/QTDP-48D-1006.shtml" target="_top">July 21st Deadline for Therapeutic Discovery Grant or Tax Credit Applications</a> (10K) and <a href="./gen/RDP-1006.shtml" target="_top">Recent IRS Rulings Clarify Tax Treatment of Registered Domestic Partners</a> (8K). View the <a href="./ftp/gen/bull1006.pdf" target="_top">printed, Adobe Acrobat (188K) version</a>.<p> Our June 2010 State & Local Tax Bulletin, <a href="./state/caDev1006.shtml" target="_top">California Franchise Tax DevelopmentsSpring 2010</a> (83K). View the <a href="./ftp/state/bull1006.pdf" target="_top">printed, Adobe Acrobat (348K) version</a>.<p> Our May 2010 State & Local Tax Bulletin, <a href="./state/penalty1005.shtml" target="_top">Understanding the Types of Penalties that States May Impose, Potential Relief and Constitutional Considerations</a> (46K). View the <a href="./ftp/state/bull1005.pdf" target="_top">printed, Adobe Acrobat (253K) version</a>.<p> Our March 2010 Tax Bulletin, <a href="./gen/econSub-1003.shtml" target="_top">Codification of the Economic Substance Doctrine: Bright Lines May Create New Uncertainties for Tax-Sensitive Transactions</a> (14K). View the <a href="./ftp/gen/bull1003.pdf" target="_top">printed, Adobe Acrobat (151K) version</a>.<p> Our March 2010 International Tax Bulletin, <a href="./intl/FATCA-1003.shtml" target="_top">HIRE Act Contains FATCA Provisions Combatting Offshore Tax Evasion</a> (17K). View the <a href="./ftp/intl/bull1003.pdf" target="_top">printed, Adobe Acrobat (153K) version</a>.<p> Our March 2010 Corporate Tax Bulletin, <a href="./corp/NOL-1003.shtml" target="_top">5th Circuit Decision Highlights Tax Loss Carryforwards' Effect on M&A Deals</a> (6K). View the <a href="./ftp/corp/bull1003.pdf" target="_top">printed, Adobe Acrobat (119K) version</a>.<p> Our February 2010 Tax Bulletin, <a href="./gen/budget-1002.shtml" target="_top">President's Budget Seeks to Expand or Extend Several Business Tax Credits and Deductions</a> (7K). View the <a href="./ftp/gen/bull1002.pdf" target="_top">printed, Adobe Acrobat (123K) version</a>.<p> Our December 2009 State & Local Tax Bulletin, containing <a href="./state/ownerStatement0912.shtml" target="_top">New California Deadlines for Disclosing Certain Proposition 13 Changes in Ownership</a> (7K) and <a href="./state/Prop130912.shtml" target="_top">California Ballot Measures Would Cut Proposition 13 Protection for Commercial Properties</a> (11K). View the <a href="./ftp/state/bull0912.pdf" target="_top">printed, Adobe Acrobat (184K) version</a>.<p> Our November 2009 Corporate Tax Bulletin, <a href="./corp/5yrNOL-0911.shtml" target="_top">IRS Issues Guidance on Extended Net Operating Loss Carryback Period</a> (14K). View the <a href="./ftp/corp/bull0911.pdf" target="_top">printed, Adobe Acrobat (226K) version</a>.<p> Our October 2009 State & Local Tax Bulletin, <a href="./state/caDev0910.shtml" target="_top">California Franchise Tax DevelopmentsFall 2009</a> (76K). View the <a href="./ftp/state/bull0910.pdf" target="_top">printed, Adobe Acrobat (320K) version</a>.<p> Our September 2009 Tax Bulletin, <a href="./gen/n200972-0909.shtml" target="_top">September 16, 2009 Deadline for Advanced Energy Project Credit Applications</a> (8K). View the <a href="./ftp/gen/bull0909.pdf" target="_top">printed, Adobe Acrobat (91K) version</a>.<p> Our August 2009 Tax Bulletin, <a href="./gen/cashGrants0908.shtml" target="_top">Treasury Opens "Cash Grant Window" for Renewables</a> (9K). View the <a href="./ftp/gen/bull0908.pdf" target="_top">printed, Adobe Acrobat (141K) version</a>.<p> Our August 2009 California Property Tax Alert, <a href="./state/caProp80908.shtml" target="_top">Impending Deadlines for 2009 California Property Tax Savings</a> (6K).<p> Our June 2009 State & Local Tax Bulletin, <a href="./state/CAcredits0906.shtml" target="_top">California Limits Tax Credit Utilization, But Allows Assignment to Unitary Affiliates</a> (18K). View the <a href="./ftp/state/bull0906.pdf" target="_top">printed, Adobe Acrobat (139K) version</a>.<p> Our May 2009 State & Local Tax Bulletin, containing <a href="./state/caNOL0905.shtml" target="_top">California Suspends Net Operating Loss Deduction</a> (9K) and <a href="./state/ca20Penalty0905.shtml" target="_top">Guidance on California's New 20 Percent Corporate Understatement Penalty</a> (11K). View the <a href="./ftp/state/bull0903.pdf" target="_top">printed, Adobe Acrobat (194K) version</a>.<p> Our April 2009 State & Local Tax Bulletin, <a href="./state/caDev0904.shtml" target="_top">California Franchise Tax DevelopmentsSpring 2009</a> (74K). View the <a href="./ftp/state/bull0904.pdf" target="_top">printed, Adobe Acrobat (259K) version</a>.<p> Our April 2009 Corporate Tax Bulletin, <a href="./corp/debtRelief0904.shtml" target="_top">Debt Relief Provisions of the Stimulus Act</a> (27K). View the <a href="./ftp/corp/bull0904.pdf" target="_top">printed, Adobe Acrobat (169K) version</a>.<p> Our March 2009 Tax Bulletin, <a href="./gen/offshoreDefComp0903.shtml" target="_top">IRS Provides Guidance on Deferred Compensation from Offshore Funds</a> (14K). View the <a href="./ftp/gen/bull0903.pdf" target="_top">printed, Adobe Acrobat (143K) version</a>.<p> Our March 2009 State & Local Tax Bulletin, containing <a href="./state/caBudget0903.shtml" target="_top">Tax Provisions of California Budget Bills</a> (19K) and <a href="./state/ca20Penalty0903.shtml" target="_top">California Franchise Tax Board Releases Draft FAQs for New 20 Percent Corporate Understatement Penalty</a> (9K). View the <a href="./ftp/state/bull0903.pdf" target="_top">printed, Adobe Acrobat (186K) version</a>.<p> Our February 2009 State & Local Tax Bulletin, <a href="./state/caDev0902.shtml" target="_top">California Franchise Tax DevelopmentsWinter 2009</a> (74K). View the <a href="./ftp/state/bull0902.pdf" target="_top">printed, Adobe Acrobat (280K) version</a>.<p> Our November 2008 Tax Bulletin, containing <a href="./gen/energyExt0811.shtml" target="_top">Energy Tax Highlights from the_ Economic Rescue Act</a> (15K) and <a href="./gen/offshoreDefComp0811.shtml" target="_top">Offshore Deferred Compensation to be Taxable at Time of Vesting</a> (11K). View the <a href="./ftp/gen/bull0811.pdf" target="_top">printed, Adobe Acrobat (212K) version</a>.<p> Our November 2007 State & Local Tax Bulletin, <a href="./state/caDev0711.shtml" target="_top">California Franchise Tax DevelopmentsFall 2007</a> (72K). View the <a href="./ftp/state/bull0711.pdf" target="_top">printed, Adobe Acrobat (310K) version</a>.<p> Our October 2008 State & Local Tax Bulletin, containing <a href="./state/ca20Penalty0810.shtml" target="_top">California Imposes New 20 Percent Understatement Penalty on Corporate Taxpayers</a> (6K) and <a href="./state/caPropSoftware0810.shtml" target="_top">Bundled or Applicational Software Is Not Subjcet to Personal Property Tax</a> (6K). View the <a href="./ftp/state/bull0810.pdf" target="_top">printed, Adobe Acrobat (178K) version</a>.<p> The IRS' October 1, 2008 news release, <a href="./exempt/ir2008112.pdf" target="_top">IRS Sends Compliance Questionnaires to 400 Colleges and Universities</a> (18K).<p> Our July 2008 International Tax Bulletin, <a href="./intl/expat0807.shtml" target="_top">Significant Changes to U.S. Taxation of Expatriating Citizens and Long-Term Residents</a> (21K). View the <a href="./ftp/intl/bull0807.pdf" target="_top">printed, Adobe Acrobat (172K) version</a>.<p> Our March 2008 Tax Bulletin, containing <a href="./gen/162m0803.shtml" target="_top">IRS 162(m) Ruling Requires Review of Incentive Pay Arrangements</a> (9K), and <a href="./gen/larue0803.shtml" target="_top">Supreme Court Decision May Spur Individual and Class Actions Against ERISA Fiduciaries for Defined Contribution Plans</a> (14K). View the <a href="./ftp/gen/bull0803.pdf" target="_top">printed, Adobe Acrobat (229K) 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> We've added a new feature to our <a href="./afr/index.shtml" target="_top">Applicable Federal Rate</a> pages. You can now retrieve the actual IRS Revenue Rulings (as they appear in the Internal Revenue Bulletin) containing the AFRs for January 1996 through the most recently available month. These Revenue Rulings are in Adobe Acrobat pdf format, so you'll need an Acrobat-enabled browser, or the <a href="http://get.adobe.com/reader/" target="_top">Acrobat Reader</a>, to view them.<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.<p> The information presented is not intended to constitute a complete analysis of all tax considerations. Internal Revenue Service regulations generally provide that, for the purpose of avoiding United States federal tax penalties, a taxpayer may rely only on formal written opinions meeting specific regulatory requirements. The information presented does not meet those requirements. Accordingly, the information presented was not intended or written to be used, and a taxpayer cannot use it, for the purpose of avoiding United States federal or other tax penalties or for the purpose of promoting, marketing or recommending to another party any tax-related matters.</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 2014 Pillsbury Winthrop Shaw Pittman <font size=-2>LLP. <font size=-1>All Rights Reserved.<br>1540 Broadway, New York, NY 10036-4039. Ph. 877.323.4171.<br> <font size=-2>Attorney Advertising. Results depend on a number of factors unique to each matter.<br>Prior results do not guarantee a similar outcome. </font></td></tr></table> </body>