INTL-21-91 (TD 8656 - Final) Section 6662 - Imposition of the Accuracy-Related Penalty

These previously approved regulations provide guidance about substantial and gross valuation misstatements as defined in sections 6662(e) and 6662(h). They also provide guidance about the reasonable cause and good faith exclusion. The regulations apply to taxpayers who have transactions between persons described in section 482 and not section 482 transfer price adjustments.

The latest form for INTL-21-91 (TD 8656 - Final) Section 6662 - Imposition of the Accuracy-Related Penalty expires 2022-07-31 and can be found here.