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Category: reportable transaction penalty

Computing the Reportable Transaction Penalty

The Section 6707A reportable transaction penalty can be difficult to work with given the more limited for contesting the penalty. The court addressed this in Bitter v. Commissioner, T.C. Memo. 2017-46, in the context of a Section 412(i) plan. Tax …

Published March 30, 2017
Categorized as Everything Tax Law Blog, reportable transaction penalty, Sec. 6707A penalty, Tax Blog

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