Goldman v. Franchise Tax Board

Opinion

SIGGINS, J.

Appellants Steven J. Goldman and Azita Etaati (the Goldmans) seek a refund of interest they paid in 2004 on a state income tax deficiency for the 2000 tax year. While they do not contest the tax owed for 2000, which was increased due to their participation in a disallowed tax shelter, they contend California’s Franchise Tax Board (FTB) should have suspended *1197the accrual of interest on the deficiency. The trial court found the Goldmans ineligible for interest suspension, denied their motion for summary judgment, and granted summary judgment for the FTB. We affirm.

Resolution of…