Cortopassi ad misleading

07/17/2014 9:07 AM

07/16/2014 9:03 AM

Re Full-page ad, July 15: In a full-page ad posted by Dean Cortopassi in which he chastises the governor and the California legislature for overspending revenues, he makes a claim that businesses must file their returns on the accrual basis. He then goes on to lambast the state for failing to hold itself up to the same standard.

This is utter nonsense. There is no requirement by the Franchise Tax Board for corporations to file on the accrual basis. I own a corporation and have been filing on the cash basis for years and there is nothing in the FTB's website that remotely suggests of such a rule.

-- David Brotman, Gold River

Editor's Choice Videos

 

Join the Discussion

The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service