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Tax News
Tax News Flash, August 3, 2011—California’s Voluntary Compliance Initiative 2 (VCI 2) has Begun

The filing period for amended returns and participation agreements started August 1 and will continue through October 31. Taxpayers involved in Abusive Tax Avoidance Transactions or Offshore Financial Arrangements should take advantage of this opportunity to file amended returns without harsh penalties. Go to and search for VCI 2 to download your participation agreement now.

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