Regulacje i polityka gospodarcza · 07/10/2009

Extension of Period of Limitations on Assessment for Listed Transactions Not Disclosed Under Section 6011

The IRS has proposed new regulations that extend the three-year period of limitations on assessment for listed transactions not disclosed under Section 6011 of the Internal Revenue Code, affecting taxpayers who fail to disclose such transactions as required. The proposed rules aim to clarify the exception to the general three-year period of limitations on assessment under Section 6501(c)(10) of the Code.