IRS cracks down on basis shifting by partnerships
Accounting Today
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The Internal Revenue Service is setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.
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The office will work alongside a new pass-through work group that's being established this fall in the IRS Large and Business International Division.?
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The Institute of Management Accountants held its annual conference this week in San Antonio, Texas, where it discussed ways to attract more people to join the profession.
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