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Individual Tax Shelters

Tax shelters that are determined to be abusive are identified as "listed transactions." Listed transactions require disclosure by participating corporations, individuals, partnerships and trusts, in accordance with Treasury Regulation § 1.6011.4T. Listed transactions, with citations of published guidance, regulations or court cases are accessible from the following list.

• Notice 2003-24 - Certain Trust Arrangements Seeking to Qualify for Exception for Collectively Bargained Welfare Benefit Funds under § 419A(f)(5)

• Notice 2003-22 - Offshore Deferred Compensation Arrangements

• Revenue Ruling 2003-6 - Abuses Associated with S Corp ESOPs

• Notice 2002-70– Certain Reinsurance Arrangements

• Notice 2002-65– Passthrough Entity Straddle Tax Shelter

• Notice 2002-50– Partnership Straddle Tax Shelter

• Revenue Ruling 2002-46– §401k Accelerators

• Revenue Ruling 2002-73 - modifies RR 2002-46 for taxpayers electing to change method of accounting.

• Notice 2002-35 – Notional Principal Contracts

• Revenue Ruling 2002-30 - Notional Principal Contracts

• Notice 2002-21 – Inflated Basis "CARDS" Transactions

• Notice 2001- 45 – §302 Basis-Shifting Transactions

• Notice 2001-17 - §351 Contingent Liability

• Notice 2001-16 – Intermediary Transactions
  Coordinated Issue Paper - Intermediary Transactions

• Notice 2000-61 – Guam Trust

• Notice 2000-60 – Stock Compensation Transactions

• Notice 2000-44 – Inflated Partnership Basis Transactions

• Revenue Ruling 2000-12 – Debt Straddles

• Treasury Regulation § 1.7701(I)-3 – Fast Pay or Step-Down Preferred Transactions

• Notice 99-59 – BOSS Transactions

• Revenue Ruling 99-14 – Lease-In / Lease-Out or LILO Transactions

• Treasury Regulation § 1.643(a)-8 – Certain Distributions from Charitable Remainder Trusts

• ASA Investering Partnership v. Commissioner -Transactions similar to that described in the ASA Investering litigation and in ACM Partnership v. Commissioner, 157 F.3d 231 (3rd Cir. 1998)

• Notice 98-5, part II – Foreign Tax Credit Transactions

• Notice 95-53 – Lease Strips

• Notice 95-34 – Certain Trusts Purported to be Multiple Employer Welfare Funds Exempted from the Lists of §§ 419 and 419A

• Revenue Ruling 90-105 – Certain Accelerated Deductions for Contributions to a Qualified Cash or Deferred Arrangement or Matching Contributions to a Defined Contribution Plan.