The American Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240, left corporate tax rates unchanged but increased the top individual tax rates. In 2013 the rate was 39.6% (up from 35%) for earned amounts in excess of $450,000 for married taxpayers filing jointly and surviving spouses, $425,000 for heads of households, $400,000 for singles, and $225,000 for married taxpayers filing separately. Under ATRA, threshold income …

Under the American Taxpayer Relief Act of 2012 (ATRA), P.L. 112-240, the maximum individual income tax rate was increased to 39.6%. It made permanent a 15% rate on qualified dividends for taxpayers in the 25% to 35% income tax brackets, and a 20% rate on qualified dividends for taxpayers in the top income tax bracket of 39.6%. Higher-income individuals also pay an additional 3.8% tax …

California defines “doing business” as “actively engaging in any transaction for the purpose of financial or pecuniary gain or profit” (Revenue &Taxation Code § 23101(a)). For tax years that begin on or after January 1, 2011, an entity is also considered to be doing business in California if it meets any of the following criteria: It is actively engaging in any transaction for the purpose …