Sacramento, Calif. (March 18, 2004) -- The California Franchise Tax Board -- the department that administers the revenue and taxation code for the state -- is sending some 10,000 letters to tax shelter promoters advising them of a state law that requires them to turn over their client lists to FTB auditors by April 30.
As part of the effort, the organization also sent letters of notification to 125 accounting and law firms as well as other businesses that may have promoted abusive tax shelters.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access