Forbes
Eight years after issuing the ill-fated Notice 2016-66, the U.S. Treasury has released its final regulations relating to so-called “microcaptive transactions”. These regulations designate certain transactions as listed transactions (read: presumed tax shelters) and others as “transactions of interest”(read: might be a tax shelter). These regulations also require certain enhanced reporting requirements for the taxpayers
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U.S. Treasury Releases Final Regulations On Microcaptive Tax Shelters
Jay Adkisson
19:25
Eight years after issuing the ill-fated Notice 2016-66, the U.S. Treasury has released its final regulations relating to so-called “microcaptive transactions”. These regulations designate certain transactions as listed transactions (read: presumed tax shelters) and others as “transactions of interest”(read: might be a tax shelter). These regulations also require certain enhanced reporting requirements for the taxpayers
