Abusive Tax Shelters

What's New

• Frequently Asked Questions - California Tax Shelter Resolution Initiative (posted 02/27/06)
• Comparison Chart of Federal and State Tax Shelter Laws (posted 02/09/06)
• 2006 California Tax Shelter Resolution Initiative - California's Program for Participants in Internal Revenue Service (IRS) Settlement Initiative. (posted 01/12/06)
• Recent Additions/Revisions
• News and Updates

General information

• Frequently Asked Questions
  • Abusive Tax Shelters and Transactions
  • Reporting Requirements
  • Penalties
  • IRS Son of Boss Initiative

• Glossary of Terms
• Interest
• Listed Transactions
  • Federal
  • California
• Penalties
  • Frivolous Tax Positions
• Disclosure and Reporting Requirements
  • Reportable Transaction Disclosure Requirements
  • Tax Shelters Registration Requirements
  • List Maintenance Requirements
• Statute of Limitations

Assistance and self-service options

• Contact us
• Tax Shelter Hotline
• Mail copy of disclosure statement & registration form or amended returns

Law and legislation

• Comparison Chart of Federal and State Tax Shelter Laws 02/09/06
• Chief Counsel Announcements
• Regulated Investment Company Dividends (SB103) 10/2/03
• Tax Shelters (SB614/AB1601) 10/2/03
• Federal Tax Shelter Conformity (AB 115) 10/07/2005
• FTB Notice 2005-7 12/23/05
• FTB Notice 2006-1 01/11/06
• FTB Notice 2007-3 07/31/07
• FTB Notice 2007-4 10/18/07

Forms and publications

• Application for Registration of a Tax Shelter (IRS Form 8264). Material advisors required to file a reportable transactions information return in accordance with Revenue and Taxation Code section 18628 are required to use IRS Form 8264 until it is revised or a successor form is issued.
• Reportable Transaction Disclosure Statement (IRS Form 8886)

Reports

• 2006 Abusive Tax Shelters: Impact of Recent California Legislation - Legislative Analyst Office 01/27/06

Links to other government agencies and professional organizations

• Internal Revenue Service
• States (Memorandum of Agreement)