West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-10E - Tax Shelter Voluntary Compliance Program
Section 110-10E-11 - Program Encompasses Investor List Requirement
Current through Register Vol. XLI, No. 38, September 20, 2024
11.1. The Voluntary Compliance Program provides amnesty to persons that previously failed to provide investor lists to the Tax Commissioner if those investor lists are provided to the Tax Commissioner prior to the completion of the Voluntary Compliance Program on November 1, 2006.
11.2. The Voluntary Compliance Program provides amnesty to tax shelter organizers required to register tax shelters under I.R.C. § 6111 prior to its amendment on October 22, 2004, and to material advisors required under I.R.C. § 6111 after its amendment on October 22, 2004 to register reportable transactions, including listed transactions, but that did not register tax shelters or reportable transactions, including listed transaction, with the Tax Commissioner, if the information relevant to those shelters and transactions that was provided to the Internal Revenue Service is provided to the Tax Commissioner prior to completion of the Voluntary Compliance Program on November 1, 2006.
