Thursday, February 28, 2013

Nevada Corporation Solely Owned By California Resident Dodges California Taxes

A hit to CA.  A well deserved hit, I might add. This was obviously an attempt to suck up revenue.

Yeah.  That giant sucking sound you've been hearing is CA trying to suck in all of your money.

After 10 years of litigation, the Company won and the FTB was ordered to refund the $2.27 million, plus interest, costs and attorney fees.

[The] key, as Judge Mooney indicated, is that the business not have any commercial connection to California, which basically means that nothing occurs in California including that no operational direction comes from California.
Ten years.  What a travesty!

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