New York State Tax Shelter Reporting

Chapters 61 and 63 of the Laws of 2005 added Section 25 to the Tax Law.  Section 25, effective through July 1, 2007, requires every taxpayer required to file a reportable or listed transaction disclosure statement with the Internal Revenue Service to attach a duplicate disclosure statement to the New York tax return.  Material advisors who are required by Internal Revenue Code Section 6112 to provide a statement with respect to organizing, managing, promoting, selling, implementing, or carrying out any reportable transaction are required to provide a duplicate statement of such activities performed in New York to the New York State Tax Commissioner.  This report fulfills the requirement of the Act to provide statistical information concerning these filings.

The following report can be downloaded and saved in pdf format. To view and print our pdf reports, you need an installed copy of the Adobe Acrobat Reader -- which is available for free. 

Tax shelter reporting (pdf)