• New Proposed, Temporary, and Final Regulations Concerning Reportable Transactions
  • December 18, 2006
  • Law Firm: Baker & Hostetler LLP - Cleveland Office
  • On November 1, Treasury and the IRS issued proposed, temporary, and final regulations under Sections 6011, 6111, and 6112 affecting requirements for disclosure of reportable transactions by both taxpayers and material advisors and list maintenance by material advisors. This Alert discusses the key provisions of the new regulations, focusing on how the new rules change disclosure and list maintenance obligations for both taxpayers and material advisors.