Summary
United States Internal Revenue Service new regulations on corporate tax shelters - Statistical Data Included
See the full content of this document
Extract
Tax and Wills & Estates Update.
IRS Targets Another Corporate Tax Shelter
The IRS recently identified a new transaction that will be considered a "listed transaction" under the rules requiring disclosure and registration of tax shelters (Notice 2002-21). The new transaction uses a loan assumption agreement to claim an inflated basis in acquired assets. In the transaction, a transferor borrows mon...See the full content of this document
Sponsored links
