California Delays Refunds! (Again)
Due to California's cash flow problems, the Governor and Legislature approved legislation delaying the payment of personal income and business tax refunds until there is sufficient cash in the Treasury to pay all claims.
For more info, go to California Delays Refunds.
Brian Strahle is the owner of LEVERAGE SALT, LLC where he provides state and local tax technical services to accounting firms, law firms and tax research organizations across the United States. He also writes a weekly column in Tax Analysts State Tax Notes entitled, "The SALT Effect." For more info, visit his website: www.leveragestateandlocaltax.com
You can reach Brian at firstname.lastname@example.org.
Because state and local taxes are deceptively simple and endlessly complicated.