The California Office of Tax Appeals (OTA) Jan. 29 found Taxpayer didn’t demonstrate error in the Franchise Tax Board’s (FTB) proposed individual income tax assessments of additional tax. Based on IRS information, the FTB issued a notice of proposed assessment imposing additional tax and interest for the tax years 1993, 1994, and 1995. Taxpayer filed a timely appeal. Upon review, the OTA found that Taxpayer failed to show any error in FTB’s determination of additional tax. However, the FTB erred...