Codification of Economic Substance Doctrine Won't Affect IRS Treatment Of Tax Credit Transactions

摘要

Internal Revenue Service attorneys responsible for the low-income housing, New Markets, and historic rehabilitation tax credit programs have no plans to treat tax credit transactions differently as a result of the codification of the economic substance doctrine, according to Paul Handleman, chief of the branch for passthroughs and special industries in the IRS Office of Associate Chief Counsel.