On October 2, 2012, the Court of Appeal issued its decision in Gillette v. Franchise Tax Board. The case revolved around the issue of whether taxpayers could elect to utilize the apportionment formula contained in the Multistate Tax Compact instead of the mandatory...
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Month: October 2012
Tax crimes alleged in California federal court
A California man is facing federal criminal prosecution currently, having been charged with five counts of tax evasion. In making the tax crimes allegations, prosecutors allege that the man failed to report over $1 million in income over a five year period. It is...
Out-of-State Taxpayers Win against California – On Rehearing, the California Court of Appeal Allows Taxpayers to Determine California Tax under the Favorable Multistate Tax Compact’s Three Factor Formula
On August 9, 2012, the California Court of Appeal "on its own motion and for good cause" vacated its decision and opinion issued on July 24, 2012 in Gillette v. Franchise Tax Board, and ordered a rehearing. The Franchise Tax Board (FTB) dismissed the taxpayer's...