California law has a very long reach regarding the taxation of fiduciary entities. There are special requirements for filing California Form 541 and the taxation of transactions during the year. California beneficiaries may not pay California taxes for years but may still be subject to tax on distributions of accumulated income under the "Throwback Rules." This webinar will explore the California tax rules, the situations where the Throwback Rules apply and the forms and calculations required by these rules. This is part 2 of a 2-part series.