Category Archives: California

We Take Requests

Posted on October 21, 2007 by Russ

Dan Meyer of the TickMarks blog made a request of me: “Present or past entertainers O. J. Simpson, Sinbad (Adkins) and Dionne Warwick are part of California’s Delinquent Taxpayers List. Each owes over $1,000,000 in income taxes and each have … Continue reading →

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LLC Fees: An Update

Posted on October 17, 2007 by Russ

California’s Legislature approved AB198, and the Governor recently signed the legislation into law. The bill changes how California’s LLC fee is calculated. This legislation changes the LLC fee so that it is apportioned, in the same manner as the income … Continue reading →

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Another List Not To Be On

Posted on October 14, 2007 by Russ

The Franchise Tax Board (California’s Income Tax Agency) has published its list of the top 250 debtors to the FTB. You can find the list here. Rapid America Corporation heads the list, with a debt of $26.8 Million. The largest … Continue reading →

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Why California Businesses Keep Moving to Nevada

Posted on October 11, 2007 by Russ

In news that won’t shock anyone who does business in California, the Bronze Golden State now ranks 47th out of 50 states in a business tax climate survey done by the Tax Foundation. Meanwhile, Nevada ranks 3rd in the Nation. … Continue reading →

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Will Our Government Learn?

Posted on October 10, 2007 by Russ

California is a great place to live. The climate in Orange County is wonderful. I like the people. But the taxes are high. I’m in Connecticut for the rest of the week (there won’t be many posts this week because … Continue reading →

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AB1546: Eliminating Taxpayer Rights

Posted on September 10, 2007 by Russ

The California Legislature is currently looking at AB1546. The initial goal of this legislation was to make the LLC “fee” (tax) legal. This fee is based on gross receipts. As I wrote last year, courts ruled twice last year that … Continue reading →

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Your Name in Lights!

Posted on September 6, 2007 by Russ

Last year, a law was passed by the California Legislature requiring past due taxpayers’ names to be posted on the Internet. Earlier this year, the Board of Equalization listed their biggest debtors. Next month, 250 lucky taxpayers may find their … Continue reading →

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Municipal Bond Interest, California, and the Supreme Court

Posted on September 3, 2007 by Russ

As I mentioned previously, the Supreme Court will hear Department of Revenue v. Davis this Fall. If the Supreme Court rules for the Kentucky Department of Revenue (overturning the Kentucky Court of Appeals), then nothing will change, and states will … Continue reading →

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California Has a Budget

Posted on August 21, 2007 by Russ

The State Senate finally approved a budget late today. It goes to the Governator for his signature (he has said he will sign it) and for his “blue pencil” (the line item vetoes). For more details on what this budget … Continue reading →

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A Tax, A Compact, A Battle

Posted on August 14, 2007 by Russ

Today in San Diego a federal judge will hear arguments in a case between the Rincon Indian tribe and the State of California. The battle is over whether or not California negotiated in good faith over a compact with the … Continue reading →

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