Examples of Reportable Transaction in a sentence
Reportable transaction understatement penalty under I.R.C. § 6662A The reportable transaction understatement penalty provided under I.R.C.§ 6662A (“the section 6662A penalty”) is effective for tax years ending after October 22, 2004.
If the corporation is doing business under multiple DBAs attach a schedule listing all DBAs.Leave Question J blank if the corporation is not using a DBA to conduct business.Question L – Reportable transaction or listed transactionFederal Form 8886 is required to be attached to any return on which a deduction, loss, credit, or any other tax benefit is claimed or is reported, or any income the corporation reported from an interest in a reportabletransaction.
Reportable transaction penalty under section 6707A subject to supervisory approval requirement, nixing assessment, Laidlaw’s Harley Davidson Sales, Inc.
If the form is not completed in accordance with the provisions in this paragraph (d) and the instructions to the form, the material advisor will not be considered to have complied with the disclosure requirements of this section.(2) Reportable transaction number.The IRS will issue to a material advisor a reportable transaction number with respect to the disclosed reportable transaction.
For purposes of thissection, the following definitions apply:(1) Reportable transaction.