LLC Refund Possible - Status of CA Constitutionality of LLC Fees
By Ron Cohen, CPA, MST
Partner
Greenstein, Rogoff, Olsen & Co., LLP
Limited Liability Companies (“LLCs”) that had business
within and outside California may be entitled to refunds.
This opportunity is specific to a certain set of facts.
FTB Notice 2009-04 at this link, below, includes a complete
review of the status of the constitutionality issues of the dreaded LLC Fee that
is based on gross receipts (not taxable income).
Please review:
http://www.ftb.ca.gov/law/notices/2009/2009_4.pdf
I can always be reached for questions or comments at (510) 797-8661 x237.
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