The Internal Revenue Service (“IRS,” or the “Service”) issued guidance on June 17, proposing new regulations and releasing a revenue ruling to challenge the use of basis-shifting transactions by complex partnerships. In...more
7/9/2024
/ Asset Management ,
Corporate Taxes ,
IRS ,
New Guidance ,
New Regulations ,
Notice of Proposed Rulemaking (NOPR) ,
NPRM ,
Partnerships ,
Pass-Through Entities ,
Popular ,
Proposed Regulation ,
Revenue Rulings ,
Tax Basis ,
Tax Reform ,
U.S. Treasury