Opinion
JD Supra7dOpinion
The Finalized Disclosure Requirements for Partnership Basis-Shifting Transactions: Slightly Less Onerous, but Still Premature
On January 14, 2025, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) published final regulations (the ...
JD Supra26d
Newly Released Final Regulations on Partnership Basis-Shifting Transactions
II. Background Normally, the federal income tax basis of property is unaffected by distributions of property from the partnership to its partners. The Code, however, contains several provisions ...
The Tax Adviser1mon
Contributions, Distributions & Basis
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser1mon
Partnership and LLC Taxation
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners ...
THE WEEK9mon
IRS seeks to close loophole used by ultra-wealthy
The IRS said ending "partnership basis shifting," in which financial assets are shuttled through related corporate entities to avoid being taxed, could capture at least $50 billion in revenue over ...
Hosted on MSN2mon
Treasury and IRS Finalize Rules on Partnership Basis Shifting Transactions
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) have issued final regulations classifying certain partnership related-party basis adjustment transactions ...
The National Law Review28d
Final Regulations Issued for Certain Partnership Related Party Basis Adjustment Transactions
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