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State of California Franchise Tax Board

Changes to 2007 Form

Updates to 2007 Form 540X – Amended Individual Income Tax Return.

The revised Internet version is available for download as of 02/28/2008.

Revision Details: Revision 1: To update the tax shelter paragraph. Revision 2: To change the mail stop.

  • These updates are located on Page 1, first column, Abusive Tax Shelter; and Page 2, first column, Informal Claim. Package X Pages 279-280.

Previously read:

Page 1: Abusive Tax Shelter – If you were involved in a potentially abusive tax shelter, you may have a disclosure, registration, and/or a list maintenance requirement. Attach federal Form 8886 to the back of your California return along with your other supporting schedules. If this is the first time the reportable transaction is disclosed on the return, then send a duplicate copy of the Form 886 to the address below. The FTB may impose several new penalties if you fail to file federal Form 886, Form 8264, or any other required information.

Tax Shelter Filing
Franchise Tax Board
PO Box 1673 MS F-385
Sacramento CA 95812-1673

For more information, go to our Website at www.ftb.ca.gov and search for abusive tax shelters

Page 2:
INFORMAL CLAIMS UNIT, MS F-228
FRANCHISE TAX BOARD
PO BOX 1468
SACRAMENTO CA 95812-1468

Revised to:

Page 1:
Tax Shelter – If the individual was involved in a reportable transaction, including a listed transaction, the individual may have a disclosure requirement. Attach federal Form 8886, Reportable Transaction Disclosure Statement, to the back of the California return along with any other supporting schedules. If this is the first time the reportable transaction is disclosed on the return, send a duplicate copy of the federal Form 8886 to the address below. The FTB may impose penalties if the individual fails to file federal Form 8886, or any other required information.

ATSU 398 MS F385
Franchise Tax Board
PO Box 1673
Sacramento CA 95812-9900

For more information, go to our Website and search for tax shelters.

Page 2:
INFORMAL CLAIMS UNIT, MS F-283
FRANCHISE TAX BOARD
PO BOX 1468
SACRAMENTO CA 95812-1468

Back to Tax Form Changes for 2007

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