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IRS Identifies New Compliance Campaign on Partnership Losses in Excess of Partner's Basis

22 February 2022

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Approved Changes

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United States

The IRS Large Business and International (LB&I) Division has announced the identification and selection of a new compliance campaign regarding Partnership Losses in Excess of Partner's Basis. Compliance campaigns are identified through LB&I data analysis and suggestions from IRS employees, with the goal of improving return selection, identifying issues representing a risk of non-compliance, and making the greatest use of limited resources. --- Partnership Losses in Excess of Partner's Basis Campaign Practice Area: Pass-Through Entities Lead Executive: Monique Gabel, Acting Deputy Director, Pass-Through Exam Strategy & Promoter Program Campaign Point of Contact: Elisa Wong, Team Manager, Pass-Through Entities Practice Network...