$500 Million judgement against California looming closer

I have been following the case of Gilbert Hyatt vs the FTB for almost two years. The core of this case involves torts committed or authorized by an overly aggressive FTB auditor against Hyatt.  Hyatt moved from California to Nevada.  The FTB claims he was a resident of California when he earned millions for a patent. For a complete history [...]

Read Full Post »

Brief Update on the Gilbert Hyatt vs. FTB Case

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 [...]

Read Full Post »

The California Gamble in Vegas Continues

The Gilbert Hyatt vs. the Franchise Tax Board Case has reached another benchmark.  The case involves the residency status of Mr. Hyatt.  The crux of the issue is when he became a Nevada resident.  Within the disputed timeframe, Hyatt developed a microprocessor chip that earned him a considerable sum of money. It is actually two cases [...]

Read Full Post »

Will California Gamble in Las Vegas? The Stakes are High in the Gilbert Hyatt Case.

This is a case I reported on earlier in my blog.  I cannot fathom how this story has not been covered by 60 Minutes or made the front page of any major daily.  I’m just as surprised that it has not surfaced in any major daily in California during the budget crisis.  Why?  Because this [...]

Read Full Post »

The Franchise Tax Board’s conduct could cost California $500 million

Please see my more recent summary on this story, “Will California Gamble in Las Vegas?” This should never happen to anyone, and the taxpayers of California will pay for the damage caused by a rogue FTB employee. From various sources: $146.88 Million and Counting Back in October 1991 Gilbert Hyatt moved from California to Nevada. [...]

Read Full Post »