Certain uses of charitable remainder annuity trusts will have to be reported to the government in the newest scheme the IRS added to its list of tax avoidance transactions.
To crack down on tax-dodging moves, the IRS is keeping an ongoing list of transactions that help taxpayers avoid paying what they owe. Among the more then 30 schemes are syndicated conservation easements, micro-captive insurance transactions, and transactions in Maltese retirement plans.
The proposed rules under tax code Section 6011 (REG-108761-22, RIN 1545-BQ58) were released Friday. The IRS is taking comments on the proposal and plans ...
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