Regulations Provide Guidance on Sec. 6707 Material Adviser Penalty
IRS Issues Guidance on Health Insurance Premium Tax Credits
July 27, 2014Hidden Treasures
July 31, 2014The IRS issued final regulations under Sec. 6707, which imposes a large penalty on any material adviser who fails to file a return required under Sec. 6111(a) disclosing a reportable transaction or who files a false or incomplete return.
Source: AICPA – Tax