The IRS wants to require taxpayers to disclose a type of installment sale of property that the agency says is being used to avoid taxes.
Under proposed regulations (REG-109348-22, RIN 1545-BQ69) released Thursday, monetized installment sale transactions and other substantially similar transactions would be classified as listed transactions. Material advisers and participants in the transactions would have to report them to the IRS and would be subject to penalties for failure to disclose, the IRS said.
The proposed rules affect transactions in which the IRS says sales of appreciated property are being structured as sham installment transactions ...
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