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Tag Archives: GilbertHyatt
Gilbert Hyatt In New York
The decision on the Gilbert Hyatt appeal here in Nevada has still not come out. However, when I did my weekly check I discovered that the Gilbert Hyatt case has now reached New York State. The entire Gilbert Hyatt case … Continue reading
Could Tax Accountants Have Caused California’s Revenue Surge?
California budget officials couldn’t figure out where the extra $5 billion in tax revenue came from in January. As this Los Angeles Times article asks, was this an accounting anomaly? Governor Jerry Brown’s administration now believes it was a timing … Continue reading
Posted in California
Tagged GilbertHyatt
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California Musings
Yesterday a client emailed me and asked if I was planning on moving back to California. The answer is easy: no. I could make it stronger, but I’ll let others help with that. First, Dan Walters writes about what will … Continue reading
Franchise Tax Board v. Hyatt to be Argued on May 7th
The oral arguments in the appeal by California’s Franchise tax Board in Gilbert Hyatt’s lawsuit against the Board will be heard on May 7th in Carson City by the Nevada Supreme Court. The FTB is appealing the nearly $500 million … Continue reading
Remember Gilbert Hyatt? (An Update)
One of the blogs I read, How Appealing, posted a link to this story on California’s attempt to ban video games featuring “murder and mayhem” from being sold to children cost the Bronze Golden State $2 million. That’s nothing. There’s … Continue reading
Posted in California, Nevada
Tagged GilbertHyatt
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Gilbert Hyatt and the FTB (An Update)
When last I reported on the Gilbert Hyatt case, Mr. Hyatt had won nearly $400,000,000 (yes, that’s $400 million) in a lawsuit from the Franchise Tax Board. This case began when Mr. Hyatt moved from California to Nevada in 1992, … Continue reading
The FTB Losing Streak Continues
The Franchise Tax Board’s battle against Gilbert Hyatt continues in Las Vegas. Mr. Hyatt, as you may recall, moved from California to Las Vegas in the early 1990s a few months before he received a patent settlement in the millions. … Continue reading
Good Summary of Hyatt Case
The Las Vegas Review-Journal has published an excellent summary of the Gilbert Hyatt case and judgments. Mark Hutchison, Mr. Hyatt’s lead attorney, believes that the Franchise Tax Board will appeal the case. (I agree with him that the case will … Continue reading
$396.08 Million…and the Meter Is Still Running
A Las Vegas jury told California’s Franchise Tax Board in no uncertain terms that the FTB’s conduct towards Gilbert Hyatt was reprehensible. I had speculated that the jury would award Mr. Hyatt $250 million in punitive damages; that was exactly … Continue reading
Posted in California, Nevada
Tagged GilbertHyatt
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$146.88 Million and Counting
Back in October 1991 Gilbert Hyatt moved from California to Nevada. California’s Franchise Tax Board didn’t think he did, so they commenced a residency audit. California determined that Mr. Hyatt didn’t establish residency in Nevada until April 1992. Normally, six … Continue reading