Revenue Procedure 2012-15 updates Rev. Proc. 2011-13, 2011-3 I.R.B. 318 and identifies circumstances under which the disclosure on a taxpayer’s income tax return with respect to an item or a position is adequate for the purpose of reducing the understatement of income tax under section 6662(d) of the Internal Revenue Code and the purpose of avoiding the tax return preparer penalty under section 6694(a).
Revenue Procedure 2012-15 will appear in IRB 2012-7 dated Feb. 13, 2012.
Revenue Procedure 2012-15 will appear in IRB 2012-7 dated Feb. 13, 2012.
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