U.S. Treasury and IRS Announce New Guidance to Combat use of Partnerships in Abusive Related Party Basis Shifting Transactions
The U.S. Department of the Treasury has issued a release announcing new guidance to combat the use of partnerships in abusive related party basis shifting transactions. Click the following link for a related release from the IRS.
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U.S. Department of the Treasury, IRS Announce New Initiative to Close Loopholes, Ensure Wealthiest Taxpayers Pay What They Owe
June 17, 2024
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