BlackletterCalifornia law

CHAPTER 9.5. Tax Shelters [19751. - 19778.]

Chapter 9.5 added by Stats. 2003, Ch. 656, Sec. 13.

§§ 19751–19778 · 14 sections

  1. ARTICLE 1. Voluntary Compliance Initiative One §§ 19751–19754 · 4 sections
    • § 19751 (a) The Franchise Tax Board shall develop and administer a voluntary compliance initiative for taxpayers subject to Part 10 (commencing with Section 17001) and…
    • § 19752 Any taxpayer who meets the requirements of Section 19754 may elect the application of either, but not both, of the following: (a) Voluntary compliance without…
    • § 19753 (a) This article does not apply to violations of this part for which, as of December 31, 2003, any of the following applies: (1) A criminal complaint was filed…
    • § 19754 (a) The voluntary compliance initiative described in this article applies to any taxpayer who was not eligible to participate in the Internal Revenue Service’s…
  2. ARTICLE 2. Statute of Limitations for Abusive Tax Avoidance Transactions § 19755 · 1 section
    • § 19755 (a) (1) Notwithstanding Section 19057, and except as provided in paragraph (2), with respect to proposed deficiency assessments related to an abusive tax…
  3. ARTICLE 3. Voluntary Compliance Initiative Two §§ 19761–19764 · 4 sections
    • § 19761 (a) The Franchise Tax Board shall develop and administer a voluntary compliance initiative for taxpayers subject to Part 10 (commencing with Section 17001) and…
    • § 19762 (a) Any taxpayer who meets the requirements of Section 19764 may elect to participate in the voluntary compliance initiative under this article. (b) For…
    • § 19763 (a) This article does not apply to violations of this part for which, as of July 31, 2011, any of the following applies: (1) A criminal complaint was filed…
    • § 19764 (a) The voluntary compliance initiative described in this article applies to any taxpayer who, during the period from August 1, 2011, to October 31, 2011,…
  4. ARTICLE 4. Penalties and Interest §§ 19772–19778 · 5 sections
    • § 19772 (a) Section 6707A of the Internal Revenue Code, relating to penalty for failure to include reportable transaction information with a return, shall apply,…
    • § 19774 (a) If a taxpayer has a noneconomic substance transaction understatement for any taxable year, there shall be added to the tax an amount equal to 40 percent of…
    • § 19777 (a) If a taxpayer has been contacted by the Franchise Tax Board regarding an abusive tax avoidance transaction, and has a deficiency attributable to an abusive…
    • § 19777.5 (a) There shall be added to the tax for each taxable year for which amnesty could have been requested: (1) For amounts that are due and payable on the last day…
    • § 19778 For any amended return filed after April 15, 2004, and before the taxpayer is contacted by the Internal Revenue Service or the Franchise Tax Board regarding a…