If you got one of these love-letters, be sure to call your CPA:

About 2,000 small business owners and investors in the Golden State who lawfully took a tax break that was later struck down have the taxman knocking at their doors. Following a state appeals court decision invalidating a 20-year-old state tax, the Los Angeles Times reports,California tax collectors are trying to get $120 million from people who profited by selling stakes in small businesses.

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February 10th, 2013 at 12:28 pm | Comments & Trackbacks (0) | Permalink

 

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