Brendan Moran’s Post

The Department of the Treasury and the Internal Revenue Service have issued new guidance to tackle the misuse of partnership rules aimed at artificially inflating the basis of assets without real economic impact. This update targets specific partnership transactions that the IRS identifies as generating undue tax benefits. Stay informed and ensure your practices align with the latest regulations! #TaxCompliance #IRSUpdate #TreasuryGuidance

New IRS and Treasury Guidance Targets Basis Shifting Transactions in Partnerships | Carr, Riggs & Ingram CPAs and Advisors

New IRS and Treasury Guidance Targets Basis Shifting Transactions in Partnerships | Carr, Riggs & Ingram CPAs and Advisors

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