TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Sunday, March 18, 2007

IRS Clarifies Rules for Disclosing Tax Shelter Penalties in SEC Filings

Sec_logo_2 Irs_logoOn Friday, the IRS released an advance copy of Rev. Proc. 2007-25, 2007-12 I.R.B. ___ (3/19/07), which clarifies the rules for disclosing tax shelter penalties in SEC filings:

This revenue procedure amplifies Rev. Proc. 2005–51, 2005–2 C.B. 296, which provides guidance to persons who may be required to pay certain penalties under §§ 6662(h), 6662A, or 6707A, and who may be required under § 6707A(e) to disclose those penalties on reports filed with the SEC.

http://taxprof.typepad.com/taxprof_blog/2007/03/irs_clarifies_r.html

IRS News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef00d835776c2e69e2

Listed below are links to weblogs that reference IRS Clarifies Rules for Disclosing Tax Shelter Penalties in SEC Filings:

Comments