IRS Prop. Reg.: Identification of Monetized Installment Sale Transactions as Listed Transactions (§6011)

Proposed regulations that would identify monetized installment sale transactions and substantially similar transactions as listed transactions, a type of reportable transaction, the IRS released Aug. 3, 2023. Material advisors and participants in these listed transactions would be required to file disclosures with the IRS and would be subject to penalties for failure to disclose. The proposed regulations would affect participants in those transactions as well as material advisors. A public hearing will be held on Oct. 12, 2023 at 10:00 am ET. Comments must be received by Oct. 3, 2023. [REG-109348-22, RIN 1545-BQ69, 88 Fed. Reg. __ (Aug. 4, 2023)] ...