Employee Plans News

EP Launches Web Section on Abusive Tax Shelter Schemes

Internal Revenue Service
Tax Exempt and Government
Entities Division
A Publication of Employee Plans

As part of its effort to combat abusive tax shelter schemes and transactions, Employee Plans has launched a
new Web section containing important information about abusive schemes involving employee retirement plans.
The section warns promoters and plan professionals about the consequences of participating in such schemes.
It also provides a hotline for reporting suspected abusive transactions to the IRS.
The “EP Abusive Tax Transactions” section is on the Retirement Plans web page.  The section identifies socalled “listed transactions” involving employee retirement plans and provides recently issued guidance – such
as Treasury regulations and IRS revenue rulings – intended to shut down transactions the IRS deems abusive.

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