The California Franchise Tax Board (FTB) held that a Nevada Company was commercially domiciled in California because it was owned by the California resident. The FTB assessed total California taxes, interest and penalties in the amount over $2.27 million for the years 1997 and 1998.
The California Franchise Tax Board (FTB) held that a Nevada Company was commercially domiciled in California because it was owned by the California resident. The FTB assessed total California taxes, interest and penalties in the amount over $2.27 million for the years 1997 and 1998.