Business owners purchasing a vehicle in 2026 may qualify for Section 179 expensing or 100% bonus depreciation, but the deduction depends on vehicle classification and business use. Learn the 2026 limits for cars, heavy SUVs, pickup trucks, and cargo vans, including California depreciation differences and potential recapture.

Moving out of California before exercising stock options does not necessarily end California tax. Learn how California sources option income to prior California services and how the rules differ for nonstatutory options, incentive stock options, ESPPs, capital gains, and alternative minimum tax.

California business owners and nonresident investors face complex rules involving income sourcing, nexus, partnerships, S corporations, and business sales. This updated guide explains California multistate taxation and the important 2026 OTA decision rejecting the FTB's Section 751(a) partnership interest sourcing position.

Moving out of California does not necessarily end California income tax. Learn how California determines residency, domicile, part year status, and California source income, including wages, business income, investments, real estate, and income received after a move.

Why Business Owners and Investors Should Be Paying Attention

A legal case currently moving through the courts—Sirius Solutions LLLP v. Commissioner has the potential to reshape how the IRS and courts define “limited partner” for purposes of the self-employment tax exclusion under Internal Revenue Code Section 1402(a)(13).

If your business operates through a partnership or LLC, or you are involved in investment management, consulting, or professional services, this case may affect how your income is taxed.

Retirement Tax Prep Checklist: What to Consider Before You Draw a Dime

Avoid costly missteps and get tax-smart before you start tapping your retirement savings.