California Revenue and Taxation Code

§ 18628

RTC § 18628 Effective Oct 7, 2005Div. 2 · Part 10.2 · Ch. 2 · Art. 3

Statute text

(a)Section 6111 of the Internal Revenue Code, relating to disclosure of reportable transactions, applies, except as otherwise provided.

(b)(1) Except as provided in subdivision (e), a material advisor is required to send a duplicate of the federal return, if applicable, or the same information required to be provided on the federal reportable transactions return for California reportable transactions to the Franchise Tax Board not later than the date specified by the Franchise Tax Board or the Secretary of the Treasury.

(2)(A) The information provided to the Franchise Tax Board pursuant to paragraph (1) shall also include any other information required by a Franchise Tax Board Notice.

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Legislative history

Amended by Stats. 2005, Ch. 691, Sec. 42.5. Effective October 7, 2005.