Tuesday, December 25, 2018
Revenue Procedure 2019-9 updates Rev. Proc. 2018-11, and updates the annual adequate disclosure revenue procedure. It identifies circumstances under which the disclosure on a tax return with respect to an item or position is adequate for the purposes of the accuracy penalty of section 6662 and return preparer penalty under 6694.
CHANGES FROM REV. PROC. 2018-11 Editorial changes have been made throughout this revenue procedure. In addition, minor changes have been made in order to update the taxable years and tax forms to which this revenue procedure applies. No additional substantive changes have been made.