California Revenue and Taxation Code CHAPTER 4.5 - Tax Treatment of S Corporations and Their Shareholders

• Section 23800.
  Subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code, relating to the tax treatment of “S corporations” and their shareholders, shall...
• Section 23800.5.
  (a) Section 1361(b)(3) of the Internal Revenue Code, relating to treatment of certain wholly owned subsidiaries, is modified as follows:(1) For purposes of Part 10 (commencing with...
• Section 23801.
  (a) A corporation that has in effect for federal income tax purposes a valid election under Section 1362(a) of the Internal Revenue Code shall be an...
• Section 23802.
  (a) Section 1363(a) of the Internal Revenue Code, relating to the taxability of an “S” corporation does not apply.(b) Corporations that are “S” corporations under this chapter...
• Section 23802.5.
  (a) Section 1366(a)(1) of the Internal Revenue Code, relating to determination of shareholder’s tax liability, is modified to apply to the final taxable year of a...
• Section 23803.
  (a) With respect to credits that are otherwise allowed to reduce the taxes imposed under this part:(1) The amount of any credit to be claimed shall be...
• Section 23804.
  Section 1367(b)(4) of the Internal Revenue Code, relating to adjustments in case of inherited stock, shall apply for decedents dying after December 31, 1996.(Amended by...
• Section 23806.
  (a) Section 1371(a) of the Internal Revenue Code, relating to application of Subchapter C rules, is modified to provide that, notwithstanding subdivisions (a) and (e) of...
• Section 23807.
  Section 1372 of the Internal Revenue Code shall be modified so that references to partnership treatment shall be to Internal Revenue Code partnership provisions, as...
• Section 23808.
  Sections 1373 and 1379 of the Internal Revenue Code shall not be applicable.(Amended by Stats. 1988, Ch. 11, Sec. 64. Effective February 19, 1988. Applicable...
• Section 23809.
  There is hereby imposed a tax on built-in gains attributable to California sources, determined in accordance with the provisions of Section 1374 of the Internal...
• Section 23811.
  Except as otherwise provided in this section, there is hereby imposed a tax on passive investment income attributable to California sources, determined in accordance with...
• Section 23813.
  Section 1377(b)(2) of the Internal Revenue Code, relating to determination defined, is modified to include, in addition to the items specified therein, the following:(a) A decision...

Last modified: October 22, 2018