IRS Transparency Initiatives and Schedule UTP Over the last several years the IRS has embarked on rigorous audit efficiency and transparency initiatives, including: reportable transactions, Schedule M-3, audit issue tiering, and Compliance Assurance Program. The latest arrow in the IRS’s transparency quiver is Schedule UTP, which will be a required filing for select taxpayers for 2010. Before the filing deadline is here, take time now to get up-to-speed on what you need to know and prepare to meet IRS requirements.
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