California Gets Caught

The California Franchise Tax Board got caught overstepping the restrictions placed by the U.S. Constitution on the ability of states to tax and regulate interstate commerce. For years, California has imposed state taxes on the WORLD-WIDE income of limited liability companies that do business in California - in blatant disregard for the Constitution.
Well, they got sued, and lost. Now they have to refund a whole lot of money.
Read More...