Title 26, Part 157 — Excise Tax on Structured Settlement Factoring Transactions

Imposition of excise tax on structured settlement factoring transactions.

Records, statements, and special returns.

General requirement of return, statement, or list.

Reporting requirements for tax return preparers.

Signing of returns and other documents.

Verification of returns.

Time for filing returns.

Automatic extension of time for filing a return due under chapter 55.

Place for filing returns.

Tax return preparer must furnish copy of return or claim for refund to taxpayer and must retain a copy or record.

Tax return preparers furnishing identifying numbers for returns or claims for refund.

Time and place for paying of tax shown on returns.

Extension of time for paying tax.

Bonds where time to pay tax has been extended.

Section 6694 penalties applicable to tax return preparer.

Penalties for understatement due to an unreasonable position.

Penalty for understatement due to willful, reckless, or intentional conduct.

Extension of period of collection when preparer pays 15 percent of a penalty for understatement of taxpayer's liability and certain other procedural matters.

Other assessable penalties with respect to the preparation of tax returns or claims for refund for other persons.

Claims for credit or refund by tax return preparers.

Tax return preparer.