The US Internal Revenue Service (IRS) has released a practice unit on Tax Shelter Promoter Investigations Under IRC 6700. The process overview of the practice unit includes the following: IRC 6700 permits assertion of penalties against any person who: Organizes or assists in the organization of a partnership or other entity, an investment plan or arrangement, or any other plan or arrangement; or Participates (directly or indirectly) in the sale of any interest in an entity or plan or arrangement; and Makes or furnishes or causes another person to make or furnish a false or fraudulent statement about any material...