Category Archives: Arizona

California 7, Arizona 2

Posted on February 27, 2020 by Russ

The state of Arizona (specifically, Arizona Attorney General Mark Brnovich) is not happy with California’s policy of coming after any Arizona business that is even remotely doing business in California (passive or not) to collect the $800 minimum California franchise … Continue reading →

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An Update on Arizona v. California

Posted on December 23, 2019 by Russ

There’s been some news on Arizona’s attempt to stop California from requiring indirect passive owners of LLCs who happen to own other LLCs that invest in California from having to pay California’s $800 minimum franchise tax. When we last looked … Continue reading →

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Arizona v. California Update

Posted on June 24, 2019 by Russ

The State of Arizona has asked the US Supreme Court to stop California’s illegal (in Arizona’s view) scheme of requiring indirect passive owners of LLCs who happen to own other LLCs that invest in California from paying California’s minimum $800 … Continue reading →

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Arizona vs. California Franchise Tax Board

Posted on June 10, 2019 by Russ

Legal authorities in the Grand Canyon State are not amused by California’s view that indirect interests in California LLCs mean that the entities are doing business in California. And they’re mad enough to take action, asking leave to sue California … Continue reading →

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Arizona Asks Supreme Court to Stop California From Imposing California Tax on Passive LLC Investments

Posted on March 12, 2019 by Russ

We’ve highlighted this issue before. Suppose you are an Arizona resident, and you form Primary LLC in Arizona. Its main purpose is owning a warehouse in Phoenix. But you have some extra money in the LLC, so you invest in … Continue reading →

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Perhaps She’ll Cover the Guilty Plea in the Second Edition

Posted on November 2, 2014 by Russ

Perhaps we should have known this was going to happen. Her book, The Prosperity Principles: Secrets to Developing and Maintaining Generational Wealth, notes that business should be run, “…where everything you can do can be deducted from your reportable income … Continue reading →

Posted in Arizona, Tax Evasion | 1 Comment

The Flow of AGI from One State to Another

Posted on July 20, 2013 by Russ

From watchdog.org comes an interesting interactive map showing how money has flowed from state to state. Back when I moved to Nevada from California, I noted this issue. Here’s yet more verification that this is real. The five biggest losers … Continue reading →

Posted in Arizona, California, Illinois, Nevada, New Jersey, New York, North Carolina, Ohio, Texas | 1 Comment

Phoenix Woos California Businesses

Posted on November 18, 2012 by Russ

“For every action, there is an equal and opposite reaction.” That’s Sir Isaac Newton’s Third Law of Motion, something I learned in physics years ago. It’s also true about what happens when taxes increase. Options that businesses would rather not … Continue reading →

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The Cubs Tax

Posted on February 7, 2010 by Russ

I’m a Cubs fan. I grew up in Chicago, and I loved going to games at Wrigley Field. The Cubs will start spring training in a couple of weeks in Mesa, Arizona. And that’s what this story is all about. … Continue reading →

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A Cardinal in Tax Trouble

Posted on January 26, 2010 by Russ

The Arizona Cardinals didn’t make it to this year’s Super Bowl. But Safety Antrel Rolle has made it into the news today. Forbes is reporting that Rolle has sued the IRS in US Tax Court. Mr. Rolle was recently audited, … Continue reading →

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