FTB changes: LLC fee claim process, collecting on child support dual liability cases.

• Position: FTB

All existing accounting standard documents are superseded and all other accounting literature not included in the Codification will be considered nonauthoritative.

Learn more at www.calepa.org/codification.

As a result of Ventas Finance I, LLC v. Franchise Tax Board, the FTB will process claims for refund for LLCs with substantially the same factual situation as the aforementioned case, which addressed an LLC that earned income within and outside of California...