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Franchise Tax Board

April 22, 1987 | From a Times Staff Writer
Candidates in 20 local elections, including Los Angeles, were chosen by lot Tuesday to have their campaign contribution and spending reports audited by the state Franchise Tax Board, the first time such extensive audits will be conducted at the local level. Los Angeles was selected second on a priority list of 20 cities, counties, school districts and special districts in the random drawing conducted by the Fair Political Practices Commission.
February 19, 1987 | From a Times Staff Writer
Radio listeners all over California soon will be hearing the voice of newly elected Controller Gray Davis offering them tips on filing their state income taxes. Under a $10,000 program paid for by the Franchise Tax Board, which collects state income taxes, Davis has recorded a series of public service announcements publicizing extended hours for the board's toll-free tax hot line.
April 26, 1986 | CARL INGRAM and JERRY GILLAM, Times Staff Writers
A top state tax official Friday criticized California income tax collectors' newest practice of soliciting news organizations to cover the arrests of alleged tax cheaters--some in early morning hours at their homes. "It's not the way to collect taxes," said Richard Nevins, one of three members of the Franchise Tax Board, the agency responsible for collecting state income taxes. "To get money (owed), you go out and put your liens on and you get your money.
April 21, 1996
Q: My wife and I are in the process of selling our home and purchasing another. We are dumbfounded by something we found in the escrow instructions. In them, it states that 3.33% of the proceeds from the sale will be withheld for payment to the California Franchise Tax Board. What is going on? This has never happened before. --G.H.F. * A: The state Franchise Tax Board requires escrow companies to withhold 3.33% of the proceeds from a home sale when a property is sold by out-of-state residents.
April 1, 1988 | CARL INGRAM, Times Staff Writer
Indicted Iran-Contra scandal figure Albert Hakim lost a round Thursday in his low-profile fight to avoid paying approximately $250,000 in income taxes he allegedly owes the state of California.
April 19, 1992 | CARLA LAZZARESCHI
Q: One of my employees, a former undocumented alien, has been working for me since 1979. Until he received amnesty and a new Social Security number in 1988, he had been paying Social Security taxes for several years on a phony card. Social Security claims to have no records of those pre-amnesty payments. But I have records for nine of those last 16 years. What should I do to help my employee?
November 23, 2011 | By Alissa Anderson and Jean Ross
The most durable message from the Occupy Wall Street encampments across the nation is also the simplest: "We are the 99%. " But are the implications of that message fair? Is there a widening gap between rich and poor? Are those doing well just a fraction of the populace? In the nation, and particularly in California, the answer is yes. We are living in an era of widening inequality, with income gains concentrated at the top, and most families in the state are falling behind. New research from the California Budget Project examined data from the Franchise Tax Board and found that income gains during the last two decades were overwhelmingly concentrated among California's wealthy.
The software industry lost a round Tuesday when the state tax agency reversed itself and voted to upgrade California's free electronic tax-filing system. To the dismay of a small band of high-tech industry lobbyists, the board voted to revamp the state's file-by-computer system so that it does simple arithmetic for taxpayers and automatically calculates taxes owed. The vote escalates a dispute between public service providers and private firms.
Cal State Northridge officials mistakenly took nearly $70,000 in 1996 state income tax refunds that were owed to more than 700 students, university officials have acknowledged. CSUN claimed the money to collect alleged student debts--even though the students owed nothing. The tally could climb much higher after the state completes all of its income tax returns.
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