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1. • • With certain exceptions, a unitary combined group determines its California tax liability by apportioning its aggregated modified federal taxable income by a percentage measured by the ratio of its California sales compared to its sales everywhere, or its sales factor.
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     California allows foreign dividends in sales factor | Crowe LLP

2. People also ask

   How does California apportion income to a unitary group?

   • California generally uses a single sales factor to apportion the unitary group’s income attributable to activities in California. California also allows corporations to elect to apportion income on a “water’s edge” basis, which restricts the combined reporting method to include only income sourced in the United States.

   How California Taxes International Income

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   What is unitary combined reporting?

   • Under the unitary combined reporting methodology, an entity that does not otherwise have nexus with a particular state may nonetheless be required to be included within a particular state’s combined reporting group.

   Foreign Affiliates and Combined Reporting | Alvarez & Marsal

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   What is a combined report?

   • The combined report is used to determine how the income of a unitary business is attributable to operations within the state. California generally uses a single sales factor to apportion the unitary group’s income attributable to activities in California.

   How California Taxes International Income

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   What is a unitary group?

   • Under this method, U.S. businesses and their foreign affiliates engaged in a single trade or business are treated as a “unitary group,” and the business income of the “unitary group” is apportioned and reported in a single “combined report,” which treats a group as one single taxpayer.

   How California Taxes International Income

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3. www.ftb.ca.gov › tax-pros › proceduresCHAPTER CONTENTS - Franchise Tax Board

   www.ftb.ca.gov › tax-pros › procedures

   Cal.2d 472.) The business income from all of the unitary business activities is combined into a single report (the combined report). An apportionment formula is then applied to the combined business income to determine the portion attributable to California.

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4. www.ftb.ca.gov › forms › 2023Guidelines for Corporations Filing a Combined Report

   www.ftb.ca.gov › forms › 2023

   most businesses, the combined business income is apportioned to California by a formula derived from the Uniform Division of Income for Tax Purposes Act (UDITPA) under R&TC Sections 25120-25139. The elements required in a combined report are discussed in detail beginning on page 5. Development of the Unitary Method . The theory underlying the ...

5. www.ftb.ca.gov › tax-pros › procedures7900 INTRASTATE APPORTIONMENT - Franchise Tax Board

   www.ftb.ca.gov › tax-pros › procedures

   Since unitary business income is combined and apportioned on a group basis, it is necessary to further apportion the California income among the taxpayer members of the group. This process is referred to as intrastate apportionment.

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6. www.caltaxandpolicy.com › p › how-california-taxesHow California Taxes International Income - caltaxandpolicy.com

   www.caltaxandpolicy.com › p › how-california-taxes

   May 20, 2021 · Under this method, U.S. businesses and their foreign affiliates engaged in a single trade or business are treated as a “unitary group,” and the business income of the “unitary group” is apportioned and reported in a single “combined report,” which treats a group as one single taxpayer.

   • Author: Philip Macfarlane

7. allenbarron.com › californias-unitary-method-ofCalifornia's Unitary Method of Taxation Across State and ...

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   Feb 19, 2021 · California bases its taxation upon the “unitary method” which combines the total corporate income of a multi-state or multi-national corporation, then applies a formula designed to determine the total amount of income the corporation realized within California.

8. www.alvarezandmarsal.com › insights › foreignForeign Affiliates and Combined Reporting | Alvarez & Marsal ...

   www.alvarezandmarsal.com › insights › foreign

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   Nov 11, 2010 · Two tax concepts that states may employ to increase their tax revenue and that trap unwary foreign entities are (1) unitary combined reporting and (2) economic nexus. Unitary combined reporting is a methodology for apportioning the business income of a corporation that is a member of a unitary business group.

9. cookcpagroup.com › california-accountant-unitaryCalifornia CPA for Unitary Determinations - Cook CPA Group

   cookcpagroup.com › california-accountant-unitary

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   When two or more corporations are considered to be a unitary business within California, they must use the combined reporting approach to figure out their combined income. Corporations that have chosen to be treated as an “S corporation” cannot be included in a combined report.