New law says FTB can't levy innocent investor's residence.
| Position | FTB News - Brief Article |
SB 366, which was signed into law last year, prohibits the FTB from issuing any levy on a principal residence of an innocent investor for an underpayment that is attributable to an abusive tax shelter for any tax year on or before Dec. 31, 2000.
Additionally, a lien on that property or the proceeds from the sale of that property shall be released under...
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