Category Archives: California

FTB’s Top 250 Delinquencies Not a Minor Affair

Right at the end of the tax season, the Franchise Tax Board released its list of the top 250 delinquencies. There is still a celebrity or two on the list, but the new list is a bit more mundane than … Continue reading

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Another List, Another Bad Score for California

Here in the Bronze Golden State, discovering that you rank at the bottom of a list is all in a day’s work. Another list of business climate, this one from the Small Business & Entrepreneurship Council, ranks the best and … Continue reading

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Steinberg to Propose Local Income Taxes

Democrats in California’s legislature are looking for ways to balance the budget. If you or I were spending $28 billion more than we were taking in, we would cut spending. But that’s not how Democrats in Sacramento approach the problem. … Continue reading

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Roni Deutch In More Trouble

California’s Attorney General would like to see “Tax Lady” Roni Deutch in prison. Yesterday, California Attorney General Kamala Harris asked a Sacramento court to send Ms. Deutch to prison for contempt. Why? Because Ms. Deutch and her law firm are … Continue reading

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Bozo Tax Tip #7: Nevada Corporations

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

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Could You be Doing Business in California Without Knowing It?

Let’s say your Florida-based company manufactures and sells widgets. You used to be located in California, but decided the Sunshine State was a better business location than the Bronze Golden State. You have no employees, property, or any other ties … Continue reading

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Will California Start Their Own Online Poker Sites?

Unless you’ve been under a rock, you know that California is broke. The budget deficit for next year is projected at somewhere between $25 and $30 billion. That has caused legislators in the Bronze Golden State to look at online … Continue reading

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More Trouble for Marijuana Dispensaries from the IRS

Back in 2007, the Tax Court ruled that a non-profit that supplied medical marijuana to terminally ill patients could not deduct business expenses related to that activity but could deduct the expenses related to their counseling and caregiving activities. It … Continue reading

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Stanford Athletes Sacked

As a graduate of the University of California, Berkeley, it’s always nice to see our Bay Area rival, Stanford, suffer some ignominious defeat. Courtesy of the TaxProfBlog, we discover that Stanford maintained for nearly a decade a list of “easy … Continue reading

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Spending More Than You Have Doesn’t Work

If you make $100,000, but you’re spending $200,000, you’re either going to use up your savings or go bankrupt. Individuals and families know this; we all live within our budgets. However, that fiscal discipline seems to be an afterthought for … Continue reading

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