Type of Program:
Tax AmnestyWhen:
Program ended on March 31, 2005.Who Can Apply:
Individuals and businesses.Relief Provided:
Waives all penalties.Requirements:
Pay your past taxes plus interest in full by March 31, 2005, or set up installment agreement to pay in full by June 30, 2006. File all missing tax returns. File corrected tax returns if you understated your tax obligation. Sign an amnesty application.What if I don't participate:
Higher penalties will be assessed on your unpaid taxes. Accuracy Penalty increased from 20% to 40%, Amnesty Penalty of 50% of unpaid interest, and Amnesty Penalty of 50% of accrued interest for new final assessments after March 31, 2005.Program does not apply to:
Criminal investigations or the Offshore Voluntary Compliance Initiative.Website:
California Franchise Tax Board Tax Amnesty Quick Reference
