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Franchise Tax Board

Top 500 Delinquent Taxpayers – Franchise Tax Board

Top 500 Delinquent Taxpayers – Franchise Tax Board

Top 500 Delinquent Taxpayers, as reported by the California Franchise Tax Board (“FTB”). Per the website: We are required by law to post this information at least twice annually. We notify each taxpayer by certified mail 30 days before we post their information. As cases are resolved, those taxpayers are removed from the list, reducing […]

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AB 576 is now the law – – Criminal tax enforcement in California just moved up to priority one with the Revenue Recovery and Collaborative Enforcement Team

AB 576 is now the law – – Criminal tax enforcement in California just moved up to priority one with the Revenue Recovery and Collaborative Enforcement Team

AB 576, approved by Governor on October 07, 2013, establishes, until January 1, 2019, a pilot program to create a multiagency team consisting of the Franchise Tax Board, Department of Justice, State Board of Equalization, and Employment Development Department, to be known as the Revenue Recovery and Collaborative Enforcement Team, to collaborate in combating criminal […]

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OC ‘s Steven Bren Moves Up the Franchise Tax Board Tax Delinqient List

OC ‘s Steven Bren Moves Up the Franchise Tax Board Tax Delinqient List

As reported in the OC Register, Steven Bren is the son of the richest man in Orange County. His last known address is an $8 million ocean-view custom home in Emerald Bay, public documents show. He raced motorcycles and formula cars and made a business out of selling sports cars. Then he followed his father […]

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Opponents of California’s Retroactive Tax on Investors Win A Reprieve on Qualified Small Business Stock (QSBS) Gains

Opponents of California’s Retroactive Tax on Investors Win A Reprieve on Qualified Small Business Stock (QSBS) Gains

As reported in Xconomy.com, in a bitter contest over tax changes that could hit California investors with bills for up to $120 million in unpaid taxes dating back to 2008, one side has stopped the clock.  Under pressure from the office of California Gov. Jerry Brown, the state’s Franchise Tax Board indicated today that it will refrain, […]

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Prop. 39: Corporate tax increase and energy efficiency jobs

Prop. 39: Corporate tax increase and energy efficiency jobs

As reported by Jan Norman, OC Register, in the news, Prop. 39 focuses on saving corporate taxes and creating clean energy jobs.  Here’s the article. Corporate taxes and clean-energy jobs are the focus of Proposition 39 on the November ballot.  Traditionally, states have taxed corporations on their combination of sales, jobs and property within state […]

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Manufacturer moves to Texas after 42 years in O.C.

Manufacturer moves to Texas after 42 years in O.C.

Editor’s Note:  over the years, I’ve had several tax clients, business and personal, leave California for better opportunities in other States, most notably Texas.  I saw the below article, from the OC Register and it brought to mind the migration of taxpayers departing California, particularly due to the high cost of living and, coincidentally, the […]

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Incentive to Work? Yes, but Calfornia law discourages companies from employment – California’s truly loopy tax loophole

Incentive to Work?  Yes, but Calfornia law discourages companies from employment – California’s truly loopy tax loophole

Editor’s Note:  A great article by George Skelton,  “California’s truly loopy tax loophole – Giving companies doing business in California a tax incentive not to hire or invest here is costing the state $1 billion a year.  It’s time to change the law.” SACRAMENTO — You might think a tax law that rewards companies for […]

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FTB Alert: California tax delinquents list includes notable names

FTB Alert: California tax delinquents list includes notable names

Cnet co-founder Halsey Minor, ‘Baywatch’ actress Pamela Anderson, ‘Girls Gone Wild’ founder Joseph Francis and boxer James N. Toney owe past-due taxes, California says.  As reported in an article, below, by Marc Lifsher and Scott Wilson, Los Angeles Times. SACRAMENTO – Halsey M. Minor, the Cnet co-founder and a high-tech business pioneer of the 1990s, […]

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California Limited Liability Companies – No reasonable cause for late filing

California Limited Liability Companies – No reasonable cause for late filing

Editor’s Note:  This is another “penalty abatement” case, and is a good example of why ample documentation in penalty abatement cases are an absolute “must.” In Appeal of 4837 Beverly Boulevard, LLC, SBE, Case No. 524173, 10/25/2011 (not to be cited as precedent), the State Board of Equalization (SBE) has rejected a taxpayer’s appeal of […]

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California Personal Income Tax – Imposition of penalties; cancer does not matter

California Personal Income Tax – Imposition of penalties; cancer does not matter

Editor’s Note: Penalties, it has been said, are often times worse than the tax liability.  Coupled with the “interest” meter (which runs until the total tax bill is completely satisfied), it is no wonder that taxpayers are frustrated with their tax bill.  Frequently taxpayers ask me if we can “get rid of” penalties (the proper […]

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California Personal Income Tax – Double deduction for casualty or theft losses denied.

California Personal Income Tax – Double deduction for casualty or theft losses denied.

Editor’s Note: The case is not terribly significant, but it does show that the California Franchise Tax Board is indeed active in auditing taxpayers.  Most taxpayers believe that the major auditing agency is the Internal Revenue Service (IRS) and they are correct; the bulk of “audits” or “examinations” come from the IRS.  However, the FTB […]

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California Personal Income Tax – Non-resident status denied.

California Personal Income Tax – Non-resident status denied.

Editor’s Note: Resident or Non-Resident status of taxpayers who leave California (or who are not California residents at all) are a frequent target of the California Franchise Tax Board.  The issue is simple – – if a taxpayer is not a “resident” of California, there are no State income taxes to be paid.  However, determining […]

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California Personal Income Tax – Bad debt deduction denied

California Personal Income Tax – Bad debt deduction denied

Editor’s Note: this is a good case for illustrating the oft stated principle that until a bad debt becomes worthless, it is not deductible. In a case not to be cited as precedent, the California State Board of Equalization (SBE) in Consolidated Appeal of Zamora Sod Farm, et al., SBE, Case Nos. 487206; 487208; 487209, […]

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California Personal Income Tax – Charitable contribution deduction allowed on appeal against California Franchise Tax Board

California Personal Income Tax – Charitable contribution deduction allowed on appeal against California Franchise Tax Board

In an opinion not to cited as precedent, the taxpayers prevailed against the Franchise Tax Board.  In Appeal of Howard and Ann Katz, SBE, Dkt. No. 523741, 10/25/2011, the taxpayers were entitled to the additional amount of the charitable contribution deduction claimed since the Franchise Tax Board (FTB) conceded that the taxpayers had enough basis […]

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California Personal Income Tax – Cost-of-goods sold FTB estimation approach is reasonable in absence of adequate records

California Personal Income Tax – Cost-of-goods sold FTB estimation approach is reasonable in absence of adequate records

In an opinion not to be cited as precedent, the State Board of Equalization (SBE) found that the Franchise Tax Board’s (FTB) estimation approach was a reasonable attempt to clearly reflect the business’ income and the taxpayers did not satisfy their burden of showing the FTB’s approach was plainly arbitrary. In Appeal of: Hyun J. […]

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FTB News: FTB working with Judicial Council of California on their Amnesty Program

FTB News:  FTB working with Judicial Council of California on their Amnesty Program

California Personal Income Tax – Court Amnesty Program. The Franchise Tax Board (FTB) has announced that it will be working with the Judicial Council of California, Administrative Office of the Courts (AOC) on their amnesty program. The Administrative Office of the Courts will administer the statewide program over a 6-month term, from January 1 to […]

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FTB News: State’s Top 250 Tax Debtors’ Lists Recoups $100 Million

FTB News:  State’s Top 250 Tax Debtors’ Lists Recoups $100 Million

01.19.2012 Sacramento: The Franchise Tax Board (FTB) and Board of Equalization (BOE) announced today that collective efforts from the Internet posting of California’s 250 largest unpaid state tax debtors has raised more than $100 million since the program’s inception. “Collecting these large unpaid tax debts is absolutely crucial, because every dollar collected helps spare schools, […]

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Look Out Employers: New Joint Enforcement Game Plan by Federal and State Agencies to Crackdown on Misclassification of Employees as Independent Contractors

Look Out Employers:  New Joint Enforcement Game Plan by Federal and State Agencies to Crackdown on Misclassification of Employees as Independent Contractors

Editor’s Note:  I have previously written about the Independent Contractor versus Employee issue in connection with the new IRS Voluntary Classification Settlement Program, and the California Crackdown on abusive independent contractor relationships (which seems to be at odds with the IRS settlement approach).  I have also devoted a webpage to the Independent Contractor and Employee […]

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FTB News: This is a List You Don’t Want to Be On — FTB’s Top 250 Delinquent Taxpayers

FTB News:  This is a List You Don’t Want to Be On — FTB’s Top 250 Delinquent Taxpayers

Editor’s Note:  the following is a quote from the FTB link below.  I did not copy all 250 taxpayers. Per the FTB: Our primary responsibility is to collect and account for state income tax revenue.  We take this responsibility very seriously. In collecting this revenue for the state, we are committed to the fair administration […]

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IRS TAX TIP 2012-23: Five Tips for Recently Married or Divorced Taxpayers with a Name Change

IRS TAX TIP 2012-23:  Five Tips for Recently Married or Divorced Taxpayers with a Name Change

Editor’s Note:  For some unknown reason, this Tax Tip made me think of  Hugh Hefner, of Playboy fame, and I wondered if he actually got married, and then divorced, or simply did not marry. In any event, if you changed your name after a recent marriage or divorce, the IRS reminds you to take the […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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