Regulacje i polityka gospodarcza · 22/12/2008

New Regulations Under Section 6707 of the Internal Revenue Code Aim to Enhance Compliance Among Material Advisors

The proposed regulations under Section 6707 of the Internal Revenue Code, which were introduced as part of the American Jobs Creation Act, aim to improve compliance among material advisors who are required to disclose reportable transactions under Section 6111. The new rules are designed to prevent material advisors from avoiding penalties for failing to file timely returns.