Category Archives: California

Hyatt Decision a Win for FTB as Far as Damages, but Decision Upheld that FTB Committed Fraud

Posted on September 18, 2014 by Russ

The Nevada Supreme Court released its decision today in Franchise Tax Board of California v. Hyatt. The decision is definitely a win for the FTB as far as damages; however, the Court upheld that the FTB committed fraud against Mr. … Continue reading →

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Hyatt Decision Due Tomorrow (Thursday)

Posted on September 17, 2014 by Russ

The long running battle between Gilbert Hyatt and the Franchise Tax Board of California here in Nevada is likely nearing a conclusion. The Nevada Supreme Court listed the Hyatt case in their list of Forthcoming Opinions. Given that the FTB’s … Continue reading →

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Once Again, Bring Me the Usual Suspects: 2014 Small Business Tax Index

Posted on May 1, 2014 by Russ

The Small Business & Entrepreneurship Council recently released their “Small Business Tax Index 2014.” You may remember that last October I wrote about their “Small Business Policy Index 2013.” Congratulations are in order for my home state, the Silver State, … Continue reading →

Posted in California, Nevada | 1 Comment

Toyota Living Up to Their Slogan: They’re Going Places (to Texas from California)

Posted on April 28, 2014 by Russ

Toyota’s current slogan is “Let’s go places.” And they are–Toyota is leaving the Bronze Golden State and moving to the Lone Star State. While Toyota isn’t saying anything about why they might move roughly 5,000 employees from Torrance to Dallas, … Continue reading →

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Gilbert Hyatt Sues FTB & BOE Over 20+ Year Wait

Posted on April 27, 2014 by Russ

There are delays and there are delays. Gilbert Hyatt has been waiting two years to find out how the Nevada Supreme Court would rule on the (California) Franchise Tax Board’s appeal of his $500 million award. A decision in that … Continue reading →

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Bozo Tax Tip #7: Ignoring California

Posted on April 3, 2014 by Russ

Yesterday I looked at the idea of forming a Nevada Corporation while in California and being able to avoid California taxes. It doesn’t work. Today’s focus is on something that comes up now and then and applies to trusts. Let’s … Continue reading →

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Bozo Tax Tip #8: Nevada Corporations

Posted on April 2, 2014 by Russ

A repeat follows, but it’s one again getting a lot of play due to business conditions in California. While I’m focusing on California and Nevada, the principle applies to any pair of states. Nevada is doing everything it can to … Continue reading →

Posted in California, Nevada | Tagged | 1 Comment

An Update on the BOE’s Fixer-Upper

Posted on March 12, 2014 by Russ

When I last wrote about the home of California’s Board of Equalization–one of two tax collecting agencies in California–I called it a fixer-upper. That might have been kind. It does have a good location (right in downtown Sacramento). It is … Continue reading →

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Your Check Might Not be in the Mail

Posted on March 6, 2014 by Russ

I used to live in Orange County, California. Earlier this week a US Postal Service caught fire as it was heading toward an airport after leaving the Santa Ana mail sorting center. So if you mailed something on Monday, March … Continue reading →

Posted in California, IRS | Tagged | 1 Comment

California State Senator Ron Calderon Indicted on Bribery & Tax Charges

Posted on February 23, 2014 by Russ

This hasn’t been a good year for Democratic state senators in California. Back in January State Senator Roderick White of Inglewood was convicted of five counts of voter fraud, two counts of perjury, and one count of filing a false … Continue reading →

Posted in California, Tax Fraud | Tagged | 1 Comment