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Web9 mrt. 2024 · For the transactions to be treated as debt, the 385-2 requirements impose a documentation prerequisite on certain related-party debt instruments. The rules generally require written documentation... Web1.3 Describe Typical Accounting Activities and the Role Accountants Play in Identifying, Recording, and Reporting Financial Activities; 1.4 Explain Why Accounting Is Important … WebThe Internal Revenue Code imposes reporting obligations with respect to so-called “tax shelters.” Most notably, if a taxpayer participates in a “reportable transaction,” the taxpayer must file a Form 8886 for each year in which the taxpayer participates in … shanghai to bangkok flight time