Tax News Flash, October 24, 2011 - California’s Voluntary Compliance Initiative 2 (VCI 2) Ends Monday, October 31
Taxpayers can still benefit from penalty waiver and protection from criminal prosecution on underreported tax liabilities from abusive tax avoidance transactions and offshore financial arrangements. You must provide amended returns, participation agreements, and payments to FTB by the VCI 2 deadline. Extensions cannot be given. Mail postmarked and faxes received on or before October 31 will be accepted. For more information, visit FTB’s website or call the VCI 2 hotline at 888-825-9868.