Quote:
Originally Posted by Topspinmo
Exit tax… good luck with that once exited.  |
Oh, do NOT underestimate the power of the CA Franchise Tax Board! They’re WORSE than the IRS! They reached into my back pocket while a GA resident—after 15 years—merely because I paid my father’s caretaker (he lived in CA) as an employee of my GA corporation. They said I was “doing business” in their State and thus subject to their corp and income taxes. Pure BS!