§ 1.707-8. Disclosure of certain information.
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/us/cfr/t26/s§ 1.707-8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general. The disclosure referred to in § 1.707-3(c)(2) (regarding certain transfers made within two years of each other), § 1.707-5(a)(7)(ii) (regarding a liability incurred within two years prior to a transfer of property), and § 1.707-6(c) (relating to transfers of property from a partnership to a partner in situations analogous to those listed above) is to be made in accordance with paragraph
(b)of this section.
(b)Method of providing disclosure. Disclosure is to be made on a completed Form 8275 or on a statement attached to the return of the transferor of property for the taxable year of the transfer that includes the following:
(1)A caption identifying the statement as disclosure under section 707;
(2)An identification of the item (or group of items) with respect to which disclosure is made;
(3)The amount of each item; and
(4)The facts affecting the potential tax treatment of the item (or items) under section 707.
(c)Disclosure by certain partnerships. If more than one partner transfers property to a partnership pursuant to a plan, the disclosure required by this section may be made by the partnership on behalf of all the transferors rather than by each transferor separately. [T.D. 8439, 57 FR 44988, Sept. 30, 1992]
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§ 1.707-8
Disclosure of certain information.
Treas. Dec.T.D. 8439
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