Kurtz & Company Blog IRS Focus On Partnership Distribution

New IRS Compliance Campaign to Focus on Gain Recognition Rules on Partnership Distributions In August, the Internal Revenue Service (IRS) announced a compliance campaign reminding partners of the requirement that "adequate outside basis" must exist to avoid gain recognition on the receipt of liquidating or non-liquidating distributions from their partnerships. This article will discuss [...]The post IRS Focus On Partnership Distribution appeared first on Dallas Business Income Tax Services.