Tax
Sep. 16, 2022
Don’t settle with the FTB – yet
The results of a bad IRS audit binds the taxpayer for state tax purposes. However, in some situations the IRS accepts a return as filed and the FTB conducts the audit. In those cases, you must not finalize the FTB audit until the IRS’s statute of limitations has expired.
Owen Kaye
Managing Partner
KFB Law Group
12100 Wilshire Blvd #245
Los Angeles , CA 90025
Phone: (310) 207-8008
Fax: (310) 207-8708
Email: owen@kfblawgroup.com
Western State Univ College of Law
John is a sole practitioner with an office in Beverly Hills. His practice requires him to travel throughout California. He does his best to follow the rules regarding the documentation of travel meals, non-travel meals and entertainment expenses. See IRS Publication 463, entitled “Travel, Gift, and Car Expenses.” However, he knows his record-keeping practices are less than perfect.
John filed his 2019 California income tax return (Franchis...
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