The #1 Delinquent California Taxpayer Steven Bren Selling House In Laguna Beach
The state of California keeps a public list of the top 500 delinquent taxpayers to the state of California. As of 8/25/2015, the top taxpayer with $4,509,351 dollars due is the son of Donald Bren (Irvine Company), Steven Bren. This is definitely a list that you don't want to be on, especially not #1.
Running into tax problems with the state of California is no joke. We can only surmise that the listing of Steven Bren's home located in the upscale community of Emerald Bay could be related. The house is listed with Tim Smith of Coldwell Banker. The asking price is $5,399,000, which is just enough to settle the California tax debt.
If you find yourself on the FTB top 500 delinquent taxpayer list, and you believe there is an error or you want to resolve the tax debt, you can contact the FTB directly at the following phone numbers:
Personal income tax: 1-888-426-8555 (within CA)
Corporate income tax: 1-888-426-8751 (within CA)
Out-of-state callers: 1-916-845-7874
Business hours: Weekdays from 8 a.m. to 5 p.m., except state holidays
Send mail correspondence to:
Franchise Tax Board
PO Box 3065
Rancho Cordova CA 95741-3065
Just putting your head in the sand and doing nothing, will not solve the FTB tax problems. You can learn more about the FTB and IRS collection efforts by watching our recent interview with Barry Gilbert, CPA, EA, a former auditor with the FTB, now in private practice.
Update 9/17/2015: Things may be going from bad to worse. The Orange County Register is reporting that Steven Bren has just been found in contempt of court, and faces jail time for not handing over property to pay back debt.
Orange County Superior Court Judge Franz E. Miller ruled that Mr. Bren will be arrested on September 30th, unless he turns over around $2 million worth of property from his listed assets, that include artwork and cars located across homes in Malibu, Idaho and Laguna Beach. Previous court filings indicate that Mr. Bren does not have the assets to pay off the debt. He would need to convince the judge that this is true if he wants to avoid jail time.