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Tax

Feb. 21, 2013

Understand the economics of a Franchise Tax Board audit

There are three choices after an audit: settlement, protest, or pay and file for a refund. Taxpayer representatives must counsel their clients about the role that economics can play in resolving - or failing to resolve - FTB disputes. By Bruce Givner and Owen Kaye


By Bruce Givner and Owen Kaye


The Franchise Tax Board (FTB) is headed by a very impressive executive, Selvi Stanislaus: polite, courteous, professional, and with a photographic memory that helps in overseeing the more than 6,000 employees of the second largest tax department in the nation. There are hundreds of knowledgeable, experienced and courteous auditors and dozens of highly skilled lawyers and other professionals in the Chief Counsel's office, General ...

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