California Court Upholds Denial of $3 Million Tax Refund Claim

A California couple failed to persuade a state appeals court that they’re entitled to an income tax refund of more than $3.2 million because the statutory deadline they cited doesn’t apply.

Jack Rimokh and Joelle Rimokh alleged the California Franchise Tax Board failed to assess a deficiency for tax years 2008 and 2009 following the IRS’s adjustments to their federal returns for those years.

The California Court of Appeal, Second Appellate District, rejected that argument Tuesday in an unpublished opinion. “Where FTB accepts the tax liability reported on an amended return, and does not seek to impose additional tax ...