Internal Revenue Bulletin: 2008-20
May 19, 2008
This procedure provides guidance relating to the obligation of material advisors to prepare and maintain lists with respect to reportable transactions under section 6112 of the Code and provides that material advisors may use the Form 13976, Itemized Statement Component of Advisee List (or successor form), to maintain the itemized statement component of the list. The use of the form is optional. The form is available on the IRS website.
This document contains a correction to a misstated citation in Rev. Rul. 2008-22, 2008-16 I.R.B. 796. Rev. Rul. 2008-22 provided guidance regarding whether the corpus of an inter vivos trust is includible in the grantor’s gross estate under section 2036 or 2038 of the Code if the grantor retained the power, exercisable in a nonfiduciary capacity, to acquire property held in the trust by substituting other property of equivalent value. Rev. Rul. 2008-22 modified.
This document provides notice of public hearing on proposed regulations (REG-104946-07, 2008-11 I.R.B. 596) providing guidance relating to sections 411(a)(13) and 411(b)(5) of the Code concerning certain hybrid defined benefit plans. A public hearing is scheduled for June 6, 2008.
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