Nothing really new, but this author provides a very concise summary of the case and the potential damage to California’s financial state.
Sure hope someone at the FTB gets fired for this.
I will continue to stay in contact with Bill Leonard of the California State Board of Equalization until this gets resolved.
Please read my previous post on this subject.
Contact your Assembly Member or State Senator and demand answers as to what the FTB is doing to prevent a debacle such as this from occurring again.
$500 million is a lot of money for one department to blow.
It is time to settle; interest is accruing and legal fees are mounting. This makes the Greuel/Trunanich legal battle look like a friendly game of penny ante poker.