Tag "Franchise Tax Board"
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CA tax board owes 27,000 overcharged taxpayers
The California Franchise Tax Board potentially owes millions of dollars to 27,000 taxpayers who were overcharged interest after applying overpayments from one year to estimated tax payments in the following year. Due to FTB interest miscalculations going back nearly two
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BOE Study: Proposed tax on services would take in $122.6 billion
Just in time for Tax Day, the Board of Equalization issued a study requested by the Senate Committee on Governance and Finance estimating the revenue take from taxing untaxed services would be $122.6 billion. The study will become fodder in
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Hertzberg seeks permanent extension to taxpayer relief program
As California taxpayers brace for another round of tax increases this session, they’ve found an unlikely ally in the state Legislature. State Senator Bob Hertzberg, D-Van Nuys, who has ruffled the feathers of taxpayer groups with his proposal for a $10
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Franchise Tax Board continues to pursue microchip inventor
The microchip powers the California, American and world economies. But the man who officially invented the chip, Gilbert Hyatt, just can’t shake the Golden State’s taxman, even after he moved to Nevada. Reported the Sacramento Bee, “Hyatt, who moved from Southern California to
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Tax board criticized for delays
California’s Franchise Tax Board is taking too long to complete audits and resolve taxpayers’ refund claims, protests and appeals, costing businesses hundreds of millions of dollars, according to the California Taxpayers Association. Gina Rodriquez, vice president of state tax
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FTB spends 5 years, fails to collect $392
California’s Franchise Tax Board spent thousands of dollars over five years in the futile pursuit of a Redondo Beach septuagenarian for $392. For more than half of that time, FTB staff lost the taxpayer’s records and didn’t inform him
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Refund illegal taxes?
Suppose you buy a new car with a GPS navigation system built in. But you drive it home and realize the system wasn’t installed. Should you get your money back for the lack of the feature? Of course you should.
Read MoreSen. Anderson charges: CA profits on backs of Madoff victims
SACRAMENTO — Bernie Madoff may be in prison, but he’s still ripping people off — this time aided by the government of the state of California. So charged state Sen. Joel Anderson, R-San Diego, at a press conference and committee hearing
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CA tax board slow to act on protests
online essay If the California taxman unfairly penalizes you for an alleged infraction that you didn’t commit, don’t hold your breath waiting for justice. The Franchise Tax Board takes nearly four years on average to resolve many of its
Read MoreFTB tax grab an acid test for ‘business-friendly’ Jerry Brown
Jan. 26, 2013 By Chris Reed There’s finally some mainstream media coverage of the astounding decision of the Franchise Tax Board to rewrite a tax break and go after profits accumulated by some business owners that date back to 2008.
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