Reservation Source Income - Not Subject to Taxation
The FTB just announced a change in their position regarding income earned on a Indian reservation. If you have clients living and working on an Indian reservation you should go to the link below and read the information. You may be able to amend past state returns for refunds and the statute of limitations expires on the 2008 California return on the 15th.
Lee Reams Sr.
Lee T. Reams is the Chief Technical Officer of ClientWhys. He is also an Enrolled Agent having managed a 600-plus client tax practice. Educated as an engineer, with a Bachelor's Degree in Mechanical Engineering, Lee left his engineering career in 1975 to expand his part-time tax practice into a full-time career.