Reg. § 1.707-8 Disclosure of certain information.
(a) In general The disclosure referred to in (regarding certain transfers made within two years of each other), (regarding a liability incurred within two years prior to a transfer of property), and (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 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 ;
(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 .
(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]