Treasury and IRS issue proposed regulations identifying certain monetized installment sales as listed transactions

The Department of the Treasury and the Internal Revenue Service today issued proposed regulations identifying certain monetized installment sale transactions and substantially similar transactions as listed transactions – abusive tax transactions that must be reported to the IRS.

Read the full article from IRS here: https://www.irs.gov/…/treasury-and-irs-issue-proposed…

Contact us for your tax and accounting needs!

#accounting #business #accountant #finance #tax #bookkeeping #smallbusiness #taxes #payroll #cpa #taxseason #businessowner #incometax #accountants #audit #bookkeeper #taxreturn #taxpreparer

Treasury and IRS issue proposed regulations identifying certain monetized installment sales as listed transactions

Related posts

IRS has begun issuing automatic refunds to individuals who claimed Adoption Tax Credit carryforward from prior years

Treasury and IRS move to protect health care benefits for eligible Americans

IRS reminder: Cybersecurity Awareness Month offers simple steps to protect tax data