A listed transaction is a transaction that is the same as or substantially similar to one that the IRS has determined to be a tax avoidance transaction and identified by IRS notice or other form of published guidance.

• LISTED TRANSACTION # 1  (Unearned Deductions)
  Backdating Plan Contributions Attributable to Compensation Earned After Year’s End
  IRS Rev. Ruling 90-105
• LISTED TRANSACTION # 2  (Abusive Welfare Plans)
  Certain Trusts Purporting to be Multiple Employer
  IRS Notice 95-34
• LISTED TRANSACTION # 3  (ASA Investerings)
  Abusive Uses of Partnerships in Transactions
  Substantially Similar to the Transactions at Issue in
  ASA Investerings Partnership v. IRS
  ACM Partnership v. IRS
• LISTED TRANSACTION # 4  (Short-term Charitable Remainder Trusts )
  Short-term Charitable Remainder Trusts
• LISTED TRANSACTION # 5  (BOSS)
  ”BOSS” (Bond-and-Option Sales Strategy)
• LISTED TRANSACTION # 6  (Fast-Pay Stock Arrangements)
  Fast-Pay Stock Arrangements
  Treasury Regs. Section 1.7701(l)-3
• LISTED TRANSACTION # 7  (Bull & Bear Note Transactions)
  Bull & Bear Note Transactions
  IRS Rev. Ruling 2000-12
• LISTED TRANSACTION # 8  (SON OF BOSS)
  (Uses of Artificially Inflated Basis in the Partnership Setting)
  Notice 2000-44
• LISTED TRANSACTION # 9  (Abusive Uses of Subs.1.83-6)
  Improper Use of a Subsidiary to Satisfy Parent’s
  Stock-Based Compensation Obligations
  IRS Notice 2000-60
• LISTED TRANSACTION # 10  (Guam Trust Strategies)
  ”Guam Trust Strategies”
  IRS Notice 2000-61
• LISTED TRANSACTION # 11  (MIDCO Deals)
  MIDCO Deals (Agency & Intermediary Corp. Abuses)
  IRS Notice 2001-16
  (as modified by IRS Notice
• LISTED TRANSACTION # 12  (Abusive 351 Transfers)
  Abusive Section 351 Transfers (Using Contingent, Unmatured Liabilities)
  IRS Notice 2001-17
• LISTED TRANSACTION # 13  (Abusive Basis-Shifting)
  Abusive Basis-Shifting Devices
  Foreign Leverage Investment Portfolio (FLIP)
  Offshore Portfolio Investment Strategy (OPIS)
  Notice 2001-45
• LISTED TRANSACTION # 14  (Cards-Loan Assumption)
  Abusive Basis-Shifting Devices
  Using Loan Assumption Agreements
  Notice 2002-21
• LISTED TRANSACTION # 15  (Abusive Notional Principal Contract)
  Abusive Uses of a Notional Principal Contract to Create
  Timing and Character Whipsaws Against the IRS
  IRS Notice 2002-35
• LISTED TRANSACTION # 16  (Abusive Straddles)
  Abusive Straddles
  IRS Notice 2002-50 (Partnership Straddles)
  IRS Notice 2002-65 (Pass-Through Entity Straddles)
  IRS Notice 2003-54 (Common Trust Fund Straddles)
• LISTED TRANSACTION # 17  (LILO)
  Lease-In/Lease Out (LILO) Transactions
  IRS Rev. Ruling 2002-69
• LISTED TRANSACTION # 18  (PORCs)
  Abusive Producer Owned Reinsurance Companies
  IRS Notice 2002-70
• LISTED TRANSACTION # 19  (Abusive Use of ESOP/S)
  Abusive Use of ESOP/S Corp. Arrangements to
  Avoid Anti-Abuse Section 409(p) Effective Date
  IRS Rev. Ruling 2003-6
• LISTED TRANSACTION # 20  (Employee Leasing)
  Abusive Offshore Employee Leasing Arrangements
  IRS Notice 2003-22
• LISTED TRANSACTION # 21  (Abusive Collectively-Bargained Funds)
  Abusive Collectively-Bargained Welfare Benefit Funds
  Exempted from IRC Section 419/419A Limits
  IRS Notice 2003-24
• LISTED TRANSACTION # 22  (Abusive Sales of Options to FLPs)
  Abusive Option Sales to FLPs/Related Parties
  IRS Notice 2003-47
• LISTED TRANSACTION # 23  ( LEASE-STRIPPING)
  LEASE-STRIPPING
• LISTED TRANSACTION # 24  (”CLAS”)
  Contested Liability Acceleration Strategies
  IRS Notice 2003-77
• LISTED TRANSACTION # 25  (Foreign Currency Option Contract)
  Abusive Offsetting Foreign Currency Option Contract Transactions
  IRS Notice 2003-81
• LISTED TRANSACTION # 26  (Roth IRA)
  Abusive Roth IRA Transactions
  IRS Notice 2004-8
• LISTED TRANSACTION # 27  (Abusive Use of ESOP/S Corp Ownership)
  Abusive Use of ESOP/S Corp. Ownership
  Arrangements Aimed at Bypassing Synthetic Equity Rules
  IRS Rev. Ruling 2004-4
• LISTED TRANSACTION # 28  (Abusive 412(i) Plans)
  Abusive Section 412(i) Plans with Excessive Life Insurance
  IRS Rev. Ruling 2004-20
• LISTED TRANSACTION # 29  (Abusive Foreign Tax Credit Transactions)
  Abusive Foreign Tax Credit Transactions
  IRS Notice 2004-20
• LISTED TRANSACTION # 30  (Abusive S Corporation Income Shifting)
  Abusive S Corporation Income Shifting
  Arrangements (SC2)
  IRS Notice 2004-30
• LISTED TRANSACTION # 31  (Abusive Partnership Intercompany)
  Abusive Partnership Intercompany Financings
  IRS Notice 2004-31
• LISTED TRANSACTION # 32  (Listed Transaction (LT #32))
  SILOs and Other Sale-Leasebacks (with Economic Defeasance)
  IRS Notice 2005-13
• LISTED TRANSACTION # 33  (Abusive Loss Importation Transaction )
  Using Check-the-Box Regulations
  IRS Notice 2007-57
• LISTED TRANSACTION # 34  (Abusive Trust Arrangements)
  Utilizing Cash Value Life Insurance Policies Purportedly to Provide Welfare Benefits
  IRS Notice 2007-83
• LISTED TRANSACTION # 35  (Distressed Asset Trust Transactions)
  DATs – Distressed Asset Trust Transactions
  IRS Notice 2008-34
• LISTED TRANSACTION # 36  (Basket Option Contracts)
  NEW! – LISTED TRANSACTION – Basket Option Contracts (Reissued 10-21-15)
  IRS Notice 2015-74 (reissued guidance)
• LISTED TRANSACTION # 37  (Syndicated Conservation Easement Transactions)
  Offering prospective investors charitable deduction of at least 2 and one-half times their investment
  Notice 2017-10