California CPA

Talking California Tax.(dissolving a corporation; limited liability companies and inheritance and divorce tax questions)(Brief Article)

California CPA | November 1, 2001 | Copyright

The Debate Goes On

Finding Help for Terminating a California Corporation

The alternatives of formally dissolving or simply walking away from a California corporation have generated considerable discussion on the TaxTalk listserve.

A group of CPAs and attorneys, who meet (offline) bimonthly to discuss tax subjects, agreed that it is impossible to generate a general rule. The attorneys didn't have a slam-dunk general answer and often just let corporations die.

However, more formal help is available. Spidell Publishing has an excellent book,…

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