Category Archives: Arizona

California 7, Arizona 2

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

Posted in Arizona, California, Supreme Court | Comments Off on California 7, Arizona 2

An Update on Arizona v. California

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

Posted in Arizona, California, Supreme Court | Comments Off on An Update on Arizona v. California

Arizona v. California Update

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

Posted in Arizona, California, Supreme Court | Comments Off on Arizona v. California Update

Arizona vs. California Franchise Tax Board

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

Posted in Arizona, California | Tagged | Comments Off on Arizona vs. California Franchise Tax Board

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

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

Posted in Arizona, California, Supreme Court | Comments Off on Arizona Asks Supreme Court to Stop California From Imposing California Tax on Passive LLC Investments

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

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

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

“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

Posted in Arizona, California | 1 Comment

The Cubs Tax

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

Posted in Arizona | Tagged | Comments Off on The Cubs Tax

A Cardinal in Tax Trouble

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

Posted in Arizona, Tax Evasion | Comments Off on A Cardinal in Tax Trouble