Franchise Tax Board (FTB) to hold Interested Parties meeting on Market Based Sourcing (FTB regulation 25136-2): Early look on their position on “Look Through “.

The only time FTB would look through to the second tier, i.e. customer’s customer, is if the sale were a sale of a marketing intangible or a marketing service. Otherwise FTB will only look to the first tier, i.e. the customer of the taxpayer. Things just got easier!

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