FTB reviewing interest calculations related to IRS rulings.
| Position | FTB NEWS |
The State Controller and the FTB chair have directed the FTB to review and adjust interested calculations related to two IRS rulings: Rev. Rul. 99-40,1999-2 CB 441; and Rev. Proc. 94-60,1994-2 CB 774. These pertain to corporate netting, and hence are not applicable to a large number of taxpayers. However, the FTB has created a web page...
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