{
  "id": "RESCISSION_REPORTABLE_TRANSACTION_PENALTY",
  "name": "Rescission of Reportable Transaction Penalty",
  "category": "procedure",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Applies to taxpayers who have been assessed a penalty under Section 6707A for a reportable transaction (other than a listed transaction) where rescinding the penalty would promote compliance and effective tax administration.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "The Commissioner of Internal Revenue has the authority to rescind all or any portion of a penalty imposed for failing to include reportable transaction information on a return, provided it is not a 'listed transaction'.",
  "irc_reference": "IRC §6707A",
  "deadline": "",
  "savings_potential": "high",
  "benefits": "individual|business|investor",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}