Category Archives: Uncategorized

California’s New LLC Act Changes the Rules

Thursday, June 5th, 2014

INFORMATION LETTER 2014-0033 In an Information Letter, IRS has set out the application of various tax rules to “green card” holders—i.e., persons who are not U.S. citizens and are lawful permanent U.S. residents—including application of the Code’s residency tests and tax ramifications of termination of green card holder status. Background. Code Sec. 7701(b) sets forth […]