Category Archives: California

M Madness

Posted on March 31, 2006 by Russ

I live and work in beautiful Orange County, California. Several years ago the voters of this county passed a 0.5% sales tax increase to fund transportation issues (such as the widening of Interstate 5 through Orange County). That sales tax … Continue reading →

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CTEC: A Bit Behind The Times

Posted on March 30, 2006 by Russ

CTEC, the California Tax Education Council, released a press release reminding taxpayers of the automatic extension available (Form 4868). The press release noted that the extension, which is an extension of time to file, not pay, is for four months. … Continue reading →

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CA LLCs: Where to Send Refund Request

Posted on March 21, 2006 by Russ

Courtesy of Roth Tax Updates, and CCH, here’s how to request a refund: Taxpayers should fax their protective claims to the FTB at 916-845-9796. In the fax, taxpayers should note that this is a protective claim and assert that the … Continue reading →

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Will the Feds End Up With a Casino?

Posted on March 17, 2006 by Russ

Renato Medina is the principal owner of Lucky Chances, a Bay Area poker club located in Colma. According to the US Department of Justice and the IRS, he allegedly caused Lucky Chance’s to deduct $2.6 million in bogus business expenses, … Continue reading →

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Reiner Digs Hole for Himself; Has He Dug One for Prop 82?

Posted on March 15, 2006 by Russ

Proposition 82, the pre-school/tax increase/help Las Vegas, Phoenix and Denver Initiative, continues to have support at the polls here in the Golden State. Rob Reiner, who wrote the initiative, continues to find himself in a hole. Yesterday Reiner held a … Continue reading →

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California LLC Gross Receipts Tax Unconstitutional But…

Posted on March 9, 2006 by Russ

And it’s a big but. Thanks to the TaxProfBlog and Roth Tax Updates for giving me the tip on a case decided in San Francisco, Northwest Energetic Services v. Franchise Tax Board. Northwest, a Washington State LLC, sued to recover … Continue reading →

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Vote Early and Often, Redux

Posted on March 4, 2006 by Russ

For those of you (like me) who voted last December in the election to replace Chris Cox as Congressman, it’s just about time to vote on his replacement. John Campbell was the State Senator for the 35th District (Irvine and … Continue reading →

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State Senate Majority Leader Drops Support for Prop. 82

Posted on March 3, 2006 by Russ

According to the San Francisco Chronicle, State Senator Don Perata (D-Oakland) has dropped his support of Rob Reiner’s Proposition 82, the mandatory preschool/increase income tax/Help Arizona, Nevada, and Colorado Initiative, because it was too expensive. Perata noted that the estimated … Continue reading →

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Professor Maule Disects Ready Return

Posted on March 1, 2006 by Russ

The Franchise Tax Board is in its second year of the “Ready Return Program.” Under this program, the FTB prepares returns for individuals who have very simple returns — just wage income, single, no dependents. But the program has been … Continue reading →

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Proposition 82

Posted on February 28, 2006 by Russ

Proposition 82 on the June 6th California Primary Election Ballot is titled, “Preschool Education. Tax On Incomes Over $400,000 for Individuals; $800,000 for Couples….” A better name for this misguided statute is the “Preschool Education Bureaucracy. Driving Jobs from California … Continue reading →

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