IRS6707APENALTY.COM Information and Links about IRC 6707A Nationwide Assistance with IRC 6707A Penalties More Than 30 years of experience dealing with the IRS is at your disposal. All you have to do is call. Get Help Here:
516 - 935 - 7346 516 - 935 - 7346 Let Us Help You With:
Become further informed about IRC 6707A and its 419e, 412i, listed transaction consequences through these links.
California Broker, June 2011
Employee Retirement Plans By Lance Wallach
412i, 419, Captive Insurance and Section 79 Plans; Buyer Beware
The IRS has been attacking all 419 welfare benefit plans, many 412i retirement plans, captive insurance plans with life insurance in them, and Section 79 plans. IRS is aggressively auditing various plans and calling them “listed transactions,” “abusive tax shelters,” or “reportable transactions,” participation in any of which must be disclosed to the Service. The result has been IRS audits, disallowances, and huge fines for not properly reporting under IRC 6707A. Read more here. Click here for the PDF version.
*** IRC 6707A is a complex code and it takes an expert with years of experience to know how to handle its nuances properly.
Our focus on 6707A penalties, coupled with our extensive accounting and IRS background makes IRS6707Apenalty.com the place to get that help.
Don't Get Caught in Section 79 Trap One Doctor Almost Lost Everything...
An expert explains how accountants and business owners are facing huge fines under 6707A that they were not even aware of
Tax Shelter Penalty Cases Continue to Hurt Thousands of Small Business Owners
Highlights of § 6707A Temporary and Proposed Regulations
Bulletin: Notice of Proposed Rulemaking by Cross- Reference to Temporary Regulations Section 6707A
New Penalty Section 6707A and Rescission Authority Imposition of the Section 6707A Penalty The Service will impose a penalty under section 6707A with respect to each failure to disclose a reportable transaction within the time and in the form and manner provided by section 6011 and the regulations thereunder. Accordingly, a taxpayer will be subject to a penalty under section 6707A for: (1) the failure to attach a reportable transaction disclosure statement to an original or amended return; or (2) the failure to provide a copy of a disclosure statement to OTSA, if required. A taxpayer that fails to attach a reportable transaction disclosure statement to an original or amended return and fails to provide a copy of a required disclosure statement to OTSA will be subject to a single penalty under section 6707A. The following examples illustrate this provision:
6707A Frustrates Plan Administrators
The Importance of 8886 Forms IRC 6707A Penalties IRS Form 8886 Filing disclosure forms for listed transactions Tax Planning Strategies Tax representation - IRS Email Us Today
State compliance:
Some state tax departments have "listed transaction" reporting rules in addition to the federal reporting.
Depending on your state, you may have to file amended returns there in addition to your federal requ
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Information and Links about IRC 6707A
Nationwide
Assistance with IRC
6707A Penalties
More Than 30 years of
experience dealing with the
IRS is at your disposal. All
you have to do is call.
Get Help
Here:
516 - 935 - 7346
516 - 935 - 7346
Let Us Help You With:
Become further informed about IRC 6707A and
its 419e, 412i, listed transaction consequences
through these links.
California Broker, June 2011
Employee Retirement Plans
By Lance Wallach
412i, 419, Captive Insurance and Section 79 Plans;
Buyer Beware
The IRS has been attacking all 419 welfare benefit
plans, many 412i retirement plans, captive insurance
plans with life insurance in them, and Section 79
plans. IRS is aggressively auditing various plans and
calling them “listed transactions,” “abusive tax
shelters,” or “reportable transactions,” participation in
any of which must be disclosed to the Service. The
result has been IRS audits, disallowances, and huge
fines for not properly reporting under IRC 6707A.
Read more here. Click here for the PDF version.
***
IRC 6707A is a complex code and it takes an expert
with years of experience to know how to handle its
nuances properly.
Our focus on 6707A penalties, coupled with our
extensive accounting and IRS background makes
IRS6707Apenalty.com the place to get that help.
Don't Get Caught in Section 79 Trap
One Doctor Almost Lost Everything...
An expert explains how accountants and business
owners are facing huge fines under 6707A that they
were not even aware of
Tax Shelter Penalty Cases Continue to Hurt
Thousands of Small Business Owners
Highlights of § 6707A Temporary and Proposed
Regulations
Bulletin: Notice of Proposed Rulemaking by Cross-
Reference to Temporary Regulations Section 6707A
New Penalty Section 6707A and Rescission Authority
Imposition of the Section 6707A Penalty
The Service will impose a penalty under section
6707A with respect to each failure to disclose a
reportable transaction within the time and in the form
and manner provided by section 6011 and the
regulations thereunder. Accordingly, a taxpayer will
be subject to a penalty under section 6707A for: (1)
the failure to attach a reportable transaction
disclosure statement to an original or amended
return; or (2) the failure to provide a copy of a
disclosure statement to OTSA, if required. A taxpayer
that fails to attach a reportable transaction disclosure
statement to an original or amended return and fails
to provide a copy of a required disclosure statement
to OTSA will be subject to a single penalty under
section 6707A. The following examples illustrate this
provision:
6707A Frustrates Plan Administrators
The Importance of 8886 Forms
IRC 6707A Penalties
IRS Form 8886
Filing disclosure forms for listed
transactions
Tax Planning Strategies
Tax representation - IRS
Email Us Today
State compliance:
Some state tax departments have
"listed transaction" reporting rules in
addition to the federal reporting.
Depending on your state, you may
have to file amended returns there in
addition to your federal requ