Calif. Tax Board Gives Guidance On Stock Income Treatment

Law360, New York (February 21, 2014, 4:31 PM EST) -- The California Franchise Tax Board released guidance Thursday on how employees should go about sourcing income received from restricted stock that vests after they have moved to another state.

In a newly released chief counsel ruling, the state tax regulator explained the appropriate apportionment method employees should use to determine the portion of restricted stock income that is derived in California — which is therefore subject to Golden State taxes.

Even when a taxpayer leaves California, a portion of the compensation they receive when their restricted...
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