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I have my airplane registered in a "Mutual Benefit Corp" in the state
of California. Every year I get a nastygram from the state saying I need to fill out some soft of tax return. They also say I'll have to pay a percentage fine for being late (which I assume is zero since the corp doesn't make any money, its just a holding corp for me). If anyone else uses this set up, what FTB form to you submit? -Robert |
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