IRS Tax Shelter Regulations
- Topics:
- Taxes
- Tags:
- Finance,
- Financial Planning,
- Free Trade,
- Government,
- Internal Revenue Service,
- Regulations,
- Taxes
- Source:
- Deloitte Touche Tohmatsu
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Overview: "The Internal Revenue Service recently issued final tax shelter regulations. The regulations Require that a “reportable transaction” must be disclosed to the IRS, and generally included on a list. The IRS intends to use these reporting requirements as a means of identifying potentially abusive tax shelters. The regulations outline six broad categories of “reportable transactions. An important potential exception to the requirements of IRS disclosure and listing of a transaction exists in the form of the so-called “presumption against confidentiality.”"
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Format: PDF | Size: 95KB | Date: Aug 2003 | Pages: 2
