WebIn accordance with Section 6011 of the Internal Revenue Code and the regulations issued thereunder, any taxpayer that has participated in a “reportable transaction” must file a disclosure statement (IRS Form 8886 ) with the IRS describing the transaction and the extent of the taxpayer’s participation in the transaction.For purposes of these rules, … WebJul 1, 2006 · In shaping the reportable transaction disclosure rules, Treasury provided a way for taxpayers who are uncertain about whether to report a particular transaction to file a "protective" disclosure. In this way (or so it seems), taxpayers can lodge their uncertainty on Form 8886, Reportable Transaction Disclosure Statement. Regs.
26 C.F.R. § 1.6011-4 - Casetext
WebForm 8886 - Reportable Transaction Disclosure Statement Use this section to enter information for Form 8886. Name of reportable transaction T/S/J Initial year filer Protective disclosure Initial year participated in transaction Reportable transaction or registration number Type of reportable transaction WebPurpose of Form described in one or more of the following consequences of the transaction), Use Form 8886 to disclose information for five categories. implementation and documentation of the each reportable transaction in which you Listed Transactions transaction, and tax preparation fees to the participated. thomily electrical
Screen 8886 - Reportable Disclosure Statements (1040) - Thomson Reuters
WebJul 1, 2024 · Additionally, all reportable transactions must be disclosed on Form 8886, Reportable Transaction Disclosure Statement, and, if applicable, on the correct line of Schedule M - 3, Net Income (Loss) Reconciliation. For all other reasonable positions, additional disclosure is required. WebProtective disclosure . 1. a . Name of reportable transaction . 1 b. Initial year participated in transaction . 1. c. Reportable transaction or tax shelter registration number (see instructions) 2 . Identify the type of reportable transaction. Check all boxes that apply (see instructions). a . Listed . b . Confidential . c . Contractual ... WebForm 8886: Reportable Transaction Disclosure Statement 1219 12/18/2024 Inst 8886: Instructions for Form 8886, Reportable Transaction Disclosure Statement 1022 02/15/2024 Form 8886-T: Disclosure by Tax Exempt Entity Regarding Prohibited Tax Shelter Transaction 1219 01/28/2024 Inst 8886-T ukraine x factor judges names