TaxTrends Recent Cases and Rulings David O’Driscoll, J.D., LL.M. IN THIS DEPARTMENT Procedure & Administration IRS guidance on reportable transaction disclosure penalties: Notice 2005-11 IRS guidance on reportable transaction understatement penalties: Notice 2005-12 Penalty suspension period for amended returns: Rev. Rul. 2005-4    The reports of cases, rulings, etc., herein, except for the Reflections, are edited versions of the relevant court opinion, published ruling, etc. *This development, concerning related matters, is covered in the Reflections to the report of the principal item.

2005 AICPA