Final regulations on abusive tax avoidance.

• Position: IRS News - Brief Article

The Treasury Department and IRS have issued final regulations that crack down on abusive tax avoidance transactions.

The regs require taxpayers to disclose their part in potentially abusive tax avoidance transactions, promoters to register abusive transactions and advisers to list clients who have entered into potentially abusive transactions.

Some of the transactions singled out by the IRS include those marketed under conditions of confidentiality...