Friday, October 12, 2012

State "Names and Shames" Top 500 Tax Delinquents

The FTB recently released its list of the state's top individual and corporate tax delinquents. 

In the past, the FTB only released the top 250 names annually but this year the list was expanded to 500 and is to be updated and published bi-annually.  In addition, the state is publishing the names and titles of corporate officers of the listed corporations, publishing professional license information as well as prohibiting state agencies from entering into contracts with anyone on the list.

Of course, every year there is at least one celebrity who has the dubious distinction of being named on the list.  This year's honor goes to none other than Pamela Anderson of "Baywatch" fame who reportedly owes $524,241 in state income taxes.