Franken's corporation didn't file tax returns in Calif.
Associated Press - April 16, 2008 1:44 PM ET
ST. PAUL (AP) - Democratic Senate candidate Al Franken's personal corporation didn't file corporate income tax returns in California from 2003 to 2007.
A spokesman for the California Franchise Tax Board says the corporation, Alan Franken Inc., owes a minimum of $800 per year as well as penalties and interests to the state of California.
A campaign spokeswoman says Franken was operating under the advice of an accountant who believed when the corporation stopped doing business in California that no further filing was required.
The Franchise Tax Board spokesman says if that's the case the corporation was required to formally dissolve and never did.
The corporation's forfeited status was publicized by the Minnesota Republican Party.
Franken previously paid a $25,000 fine to the state of New York after learning his corporation was out of compliance with that state's workers compensation laws.
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