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• Is defined as:

  • Tax shelter as defined under Internal Revenue Code (IRC) Section 6662(d)(2)(C),
  • Reportable transaction as defined under IRC Section 6707A(c)(1) that is not adequately disclosed in accordance with IRC Section 6664(d)(2)(A),
  • Listed transaction as defined under IRC Section 6707A(c)(2),
  • Gross misstatement within the meaning of IRC Section 6404(g)(2)(D), or
  • Transaction to which the noneconomic substance transaction (NEST) penalty applies under Revenue and Taxation Code (RTC) section 19774.
  CA Franchise Tax Board - Cite This Source - This Definition
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  Cite Definition for Abusive tax avoidance transaction (ATAT)

  American Psychological Association (APA)

  Abusive tax avoidance transaction (ATAT). (n.d.). Abusive Tax Shelters & Transactions Glossary. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/abusive-tax-avoidance-transaction-atat.

  Chicago Manual of Style (CMS)

  Abusive tax avoidance transaction (ATAT). Abusive Tax Shelters & Transactions Glossary. CA Franchise Tax Board. http://www.expertglossary.com/definition/abusive-tax-avoidance-transaction-atat (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Abusive tax avoidance transaction (ATAT)." Abusive Tax Shelters & Transactions Glossary. CA Franchise Tax Board. 8 June. 2023 http://www.expertglossary.com/definition/abusive-tax-avoidance-transaction-atat.

• Browse Related Terms: Abusive tax avoidance transaction (ATAT), Material Advisor, Organizer, Potentially abusive tax shelter, promoter, Red Cross Scheme, Seller, transaction