Following are highlights of the proposed regulations:
Partnership rules have become increasingly complex over the past few years. The rules under IRC Section 1061, including reporting and recordkeeping, add further complexity and burden for partnerships and their owners. Taxpayers should work with their tax advisers to identify planning opportunities to mitigate the cost of complying with these new rules.
Tax planning: 2020 year-end guide
Stay on top of fast-moving law changes and possible future changes.
Tax planning: 2020 year-end guide
Stay on top of fast-moving law changes and possible future changes.
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