Via Spidell

The US Supreme Court declined to review the Ventas case pertaining to LLC fees paid by LLC’s with income from both California and non-California sources.

According to the FTB, they will issue a notice sometime in the next few weeks with instructions on when and how to obtain refunds for LLCs that have income inside and outside the state of California and have filed protective claims for refunds.

LLC’s that had income outside of California in a year prior to 2007 should file a protective for refund as the statute of limitations of four years expires in 2009.

As you could no doubt tell, I am just too busy with tax season to post these days.  I will start posting again after tax season.  In the mean time, I would really like to get some feedback about the blog.  Is it useful?  Is there any other information you would like?  Let me know your thoughts!