March 2016

The Franchise Tax Board audited our clients and claimed the Schedule C Self-Employment was a “hobby” and thus the losses claimed on the original returns were not allowable. The FTB sought over $748,000 in additional taxes.Our firm appealed the auditor’s findings and ultimately settled with the FTB, agreeing to pay a little over $97,000 to resolve all tax issues. As a result, our clients saved over $650,000 through the appeals process.

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San Francisco Office

100 Bush St., Suite 501
San Francisco, CA 94104
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1-888-TAX-EXIT (1-888-829-3948)

San Jose Office

2880 Zanker Rd., Suite 203
San Jose, CA 95134
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1-888-TAX-EXIT (1-888-829-3948)