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Reporting Loss Transactions: Too Much of a Good Thing

Reporting Loss Transactions: Too Much of a Good Thing

www.nylslawreview.com

324 rEpOrting LOss transaCtiOns: tOO MUCh Of a gOOd thing New York Law SChooL Law revIew VOLUME 59 | 2014/15 failure to comply. The IRS may rescind penalties, but the decision is in the IRS’s absolute discretion and not subject to judicial review.12 With this backdrop, one can see why the question of whether a transaction is

  Reporting, Transactions, 2014, Loss, Much, Reporting loss transactions, Too much

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