Moratorium Extended on Collections for Deals Subject to 6707A Penalty

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IRS Commissioner Shulman tells Congress the service is extending, until June 1, the current moratorium on collection enforcement actions for tax shelter penalties assessed under tax code Section 6707A, as lawmakers continue to work to even out those penalties. IRS describes Shulman's action in a two-sentence statement and says it will continue to hold off on filing new lien notices on amounts due solely to Section 6707A penalties until June 1.