Meeren Amin

Meeren Amin

Fox Rothschild LLP

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IRS Issues Basis Shifting Guidance for Partnerships, Proposes Reporting Requirements

The Internal Revenue Service (IRS) and U.S. Department of Treasury recently issued guidance to curtail what they consider abusive basis shifting by related-party partners and partnerships. That guidance, which was issued June...more

6/19/2024  /  Administrative Procedure Act , Capital Gains , Internal Revenue Code (IRC) , IRS , Partnerships , Proposed Regulation , Reporting Requirements , Tax Shelters , U.S. Treasury
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