[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.707-8]

[Page 488]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Determination of Tax Liability--Table of Contents
 
Sec. 1.707-8  Disclosure of certain information.

    (a) In general. The disclosure referred to in Sec. 1.707-3(c)(2) 
(regarding certain transfers made within two years of each other), Sec. 
1.707-5(a)(7)(ii) (regarding a liability incurred within two years prior 
to a transfer of property), and Sec. 1.707-6(c) (relating to transfers 
of property from a partnership to a partner in situations analogous to 
those listed above) is to be made in accordance with paragraph (b) of 
this section.
    (b) Method of providing disclosure. Disclosure is to be made on a 
completed Form 8275 or on a statement attached to the return of the 
transferor of property for the taxable year of the transfer that 
includes the following:
    (1) A caption identifying the statement as disclosure under section 
707;
    (2) An identification of the item (or group of items) with respect 
to which disclosure is made;
    (3) The amount of each item; and
    (4) The facts affecting the potential tax treatment of the item (or 
items) under section 707.
    (c) Disclosure by certain partnerships. If more than one partner 
transfers property to a partnership pursuant to a plan, the disclosure 
required by this section may be made by the partnership on behalf of all 
the transferors rather than by each transferor separately.

[T.D. 8439, 57 FR 44988, Sept. 30, 1992]