The settlement benefits LLCs that paid an LLC tax fee based on their worldwide total income previously required under Cal. Rev. & Tax. Code § 17942. Eligible LLCs must have submitted a refund request that was either denied or denied with the opportunity to file a lawsuit under California tax code by Feb. 4, 2010. You may be eligible for a potential award from the California Franchise Tax Board (FTB) LLC Fees Class Action Lawsuit!
According to the class action, the tax statute that the California Franchise Tax Board charged was found to be unconstitutional. So if you are eligible, file a claim by July 5, 2022 to receive your potential award!
California Franchise Tax Board (FTB) LLC Class Action Lawsuit
- Claim Form Deadline: July 5, 2022
- Who’s Eligible: The FTB settlement benefits LLCs that paid an LLC tax fee based on their worldwide total income previously required under Cal. Rev. & Tax. Code § 17942. Eligible LLCs must have submitted a refund request that was either denied or denied with the opportunity to file a lawsuit under California tax code by Feb. 4, 2010.
- Estimated Amount: Varies
- Proof of Purchase: Class members with documentation may be eligible for higher payments, proof of income isn’t required to receive a refund.
- Case Name & Number: Franchise Tax Board Limited Liability Corporation Tax Refund Cases, Case No. CJC-12-004742, in the Superior Court of the State of California, City and County of San Francisco
(Click here to file a claim)
How To File a Claim
- Head over to the California Franchise Tax Board (FTB) LLC Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award by July 5, 2022!
Bottom Line
The settlement benefits LLCs that paid an LLC tax fee based on their worldwide total income previously required under Cal. Rev. & Tax. Code § 17942. Eligible LLCs must have submitted a refund request that was either denied or denied with the opportunity to file a lawsuit under California tax code by Feb. 4, 2010. You may be eligible for a potential award from the California Franchise Tax Board (FTB) LLC Fees Class Action Lawsuit!
If you are eligible, file a claim by the deadline to receive your potential award! Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.
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