California Tax Takes: A Tool To Fight Underpayment Penalties
By Shail Shah, Priscilla Parrett, Michael Lurie and Yoni Fix · August 19, 2019, 2:58 PM EDT
The recent U.S. Supreme Court decision in Timbs v. Indiana may open the door to taxpayer challenges to California's large corporate understatement penalty as an excessive fine under the Eighth Amendment...
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