I am looking for a clear definition of "income from sources derived from or attributable to California" in CA form 568. I have a SMLLC in CA and it sells/ships tangible personal properties to customers in CA and other states.
Since my SMLLC exists only in CA and all my products ship out from CA, does it mean that all my SMLLC income is income derived from or attributable to CA...regardless of where I ship my products to?
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Yes, if your business is based in California and you ship your products from California, all your sales income is sourced in California. It doesn't matter where you shipped your products for state income tax purposes.
Per the California Franchise Tax Board, sourced income includes, but is not limited to:
Yes, if your business is based in California and you ship your products from California, all your sales income is sourced in California. It doesn't matter where you shipped your products for state income tax purposes.
Per the California Franchise Tax Board, sourced income includes, but is not limited to:
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