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California Tax: Dividends Received Deduction

CCH Editorial Staff

This course explains the many differences between the California and federal rules that determine the dividends received deduction. It also explains the recent changes in the California deduction resulting from case law and legislation.

California does not incorporate the federal dividends received deduction, but the state has its own provisions allowing the deduction. However, in recent years, controversy has surrounded the deduction, as several of the California provisions have been struck down as unconstitutional. As a result, there has been much confusion with regard to both remedies for past unfair treatment and for future application of the California dividends received deduction.

As a result of all the litigation and controversy, the difficulty in calculating the California dividends received deduction has been stunning. In addition to the usual problem of understanding how California law differs from federal, it is imperative to understand the taxpayer’s options for relief for past wrongs as well as the future impact of the court decisions and new legislation.

Course Details
Price:  $45.00
Field of Study:  Taxes
Prerequisites:  None
Level:  Update
CTEC course number:  1075-CE-3284
Course was last updated on:  01/21/05
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Credit Available For: Units
CPE 2 CPE
QAS 2 CPE
CFP® (Accepted by the CFP Board) 2 CPE
Enrolled Agent (Accepted by the IRS) 2 CPE
CTEC California 2 CE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

CCH has been approved by the California Tax Education Council to offer courses that provide federal and state credit towards the annual "continuing education" requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

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