The Following Information Could Save Your Business
Thursday, January 9, 2014 Abusive Tax Shelters & 419 Plans Lawsuits: The IRS is Attacking All 419 Welfare Benefit Plans... Abusive Tax Shelters & 419 Plans Lawsuits: The IRS is Attacking All 419 Welfare Benefit Plans...: The IRS has been attacking all 419 welfare benefit plans, many 412i retirement plans, captive insurance plans with life insurance in them,... IRS Issues Final Sec. 6707A Regulations On September 2, 2011, the IRS issued final regulations concerning the section 6707A penalty. Such a penalty is imposed on taxpayers who fail to include any information regarding a reportable transaction which was required to be disclosed. The final regulations follow the statutory language of section 6707A as amended by the Small Business Jobs Act of 2010, but do not give further guidance regarding the Service’s computation of the penalty. It is anticipated that such penalty computation guidance will be issued at a later date.(such guidance is expected by wa
The Following Information Could Save Your Business
ReplyDeleteThursday, January 9, 2014
Abusive Tax Shelters & 419 Plans Lawsuits: The IRS is Attacking All 419 Welfare Benefit Plans...
Abusive Tax Shelters & 419 Plans Lawsuits: The IRS is Attacking All 419 Welfare Benefit Plans...: The IRS has been attacking all 419 welfare benefit plans, many 412i retirement plans, captive insurance plans with life insurance in them,...
IRS Issues Final Sec. 6707A Regulations
On September 2, 2011, the IRS issued final regulations concerning the section 6707A penalty. Such a penalty is imposed on taxpayers who fail to include any information regarding a reportable transaction which was required to be disclosed. The final regulations follow the statutory language of section 6707A as amended by the Small Business Jobs Act of 2010, but do not give further guidance regarding the Service’s computation of the penalty. It is anticipated that such penalty computation guidance will be issued at a later date.(such guidance is expected by wa