Comment on FR Doc # E8-21158

IRS Reg-160868-04 (RIN 1545-BF61) appears to mix references to IRC Section 6011, which deals mostly with electronic filing and general requirements for filing, and Treasury Regulation 1.6011, which deals with requirements for reporting tax shelters and specific classes of reportable sheltering transactions, which appears to be the intended reference. As written, I was very confused - I believe the IRC Section 6011 references should be changed to Reg 1.6011, or reference the actual IRC section(s) such as IRC 6707 that deal with reportable transactions and shelters, not the most generic reporting requirements section (IRC 6011). As written, would potentially impose $10,000 to $100,000 penalties on individuals for even unintentionally omitting ANY information on ANY type of return, regardless of whether it involved a reportable transaction or tax shelter, which is the obvious intended target of this regulation.