Final Tax Shelter Regulations - Revised for Effective Date Correction
Final tax shelter regulations have been issued from the IRS stating: 1) require taxpayers to disclose on their tax returns transactions that have characteristics common to tax shelters, 2) require promoters to maintain lists of investors, 3) require promoters to register confidential corporate tax shelters. This memorandum, by members of the Firm's Tax Department, addresses these final tax shelter regulations.