Revised, Expanded and Renumbered 〞 6/3/04
Items 2a.9, 2b.14-17, 4a.3-4 added 〞 6/14/04
(These FAQs are grouped and numbered by the sections of Announcement 2004-46 to which they relate.)
Section 1 〞 Purpose and Scope of Initiative (Q&A 1.1)
Section 2 〞 Terms of Initiative
(a) Tax Adjustments (Q&As 2a.1 - 2a.9)
(b) Application of Penalties (Q&As 2b.1 - 2b.17)
Section 3 〞 Eligibility Requirements (Q&As 3.1 - 3.9)
Section 4 〞 Required Procedures for Electing Participants
(a) Notice of Election (Q&As 4a.1 - 4a.4)
(b) Additional Information and Documentation 每 60 days (Q&As 4b.1 - 4b.4)
(c) Closing Agreement and Payment 每 30 days (Q&As 4c.1 - 4c.4)
Additional Questions (Q&As Misc.1 - Misc.8)
Related Items:
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Son of Boss Settlement Initiative FAQs (174K PDF) 〞 all FAQs in one file
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Announcement 2004-46 (68K PDF)
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IR-2004-64 〞 IRS Offers Settlement for Son of Boss Tax Shelter