LLCs eligible for voluntary disclosure program

California CPA, Dec, 2004

Limited liability companies and their member owners are among the list of entities qualifying for California's Voluntary Disclosure Program.

Assembly Bill 3073, enacted Aug. 30, amended the program, which previously included C and S corporations, S corporation shareholders, certain trusts and trust beneficiaries among entities able to qualify.

Agreements will be effective Jan. 1, 2005.

To apply for the voluntary disclosure program, use FTB Form 4925, Application for Voluntary Disclosure, which can be downloaded at www.ftb.ca.gov/forms/misc/4925.pdf.>

COPYRIGHT 2004 California Society of Certified Public Accountants
COPYRIGHT 2004 Gale Group

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale