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IN THE UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION x : In re : : CITY OF DETROIT, MICHIGAN, : : Debtor. X Chapter 9 Case No. 1353846 Honorable Steven W. Rhodes NOTICE
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158a1 refers to a specific IRS form used to report information related to certain transactions that may be classified as reportable transactions under federal rules.
Taxpayers who are involved in reportable transactions as defined by federal rules are required to file Form 158a1 with the IRS.
The form should be filled out accurately and completely with all required information related to the reportable transaction.
The purpose is to provide the IRS with detailed information about reportable transactions in order to ensure compliance with federal tax laws.
Information such as the type of transaction, parties involved, and financial details must be reported on Form 158a1 as required by federal rules.
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