What are the Franchise Tax Board and other states doing jointly to address abusive tax schemes?
On March 4, 2004, the Franchise Tax Board and 34 other participating states ratified a Memorandum of Agreement (MOA) to share information about abusive tax schemes. Currently, 11 other states are considering participation. The MOA streamlines the exchange of knowledge and information between participating states and avoids duplication of effort. The MOA allows us to share names of those participating in abusive tax schemes, training materials, and other related information. The MOA incorporates the Federation of Tax Administrators Uniform Exchange of Information Agreement of January 1, 1993.
