Bay Area taxpayer, Ray LaRance, was charged a hefty fee by California Check Cashing in Dublin to file his state and federal income taxes.
Stockton has filed for Chapter 9 protection, making it the largest American city ever to declare bankruptcy.
When Stockton becomes the largest U.S. city ever to file for bankruptcy, it will strike a hard blow to residents, especially city employees and retirees whose health benefits and pensions helped drive the city toward insolvency.
Officials in Stockton said Tuesday that mediation with the city’s creditors has failed, meaning it is set to become the largest American city ever to declare bankruptcy.
Just days before the tax-filing deadline, the California Franchise Tax Board dropped its campaign to get California homeowners not to deduct part of their property tax bill.
California homeowners may be surprised to learn that they’re about to lose part of their property tax deductions. The Franchise Tax Board will soon start enforcing a little known law that allows homeowners to deduct only the assessed value of their property.
The Wall Street Journal said Facebook could file regulatory papers for its initial public offering of stock as early as next week.
The State Franchise Tax Board is trying to hunt down California income earners who didn’t file tax returns last year.