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Monday, February 27, 2006

Status of California's ReadyReturn Program

Readyreturn_1Joe Bankman reports that there is a move afoot in the California legislature to repeal the ReadyReturn Program:

The Republicans in the CA legislator have now introduced legislation to kill the program entirely [No. 1335]. There is a Democratic bill that would expand the program to 1M taxpayers this year and up to 4M taxpayers in the future [No. 2905].  The bill would also pledge the FTB (state tax agency) to work toward giving all taxpayers access to the 3rd-party reporting of their wages, interest income, consulting income and so on. Taxpayers (or their preparers) could log in on-line before filing to see the income reported to the State and make sure their figures matched. The Republicans have already come out with a position paper on their bill. The Democrats, true to form, are late in their launch. Something should be out soon.

For prior TaxProf Blog coverage, see here, here, here, and here.

http://taxprof.typepad.com/taxprof_blog/2006/02/staus_of_califo.html

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