IRS Issues New Regs for Partnerships


OMA Connections Partner, Clark Schaefer Hackett (CSH), posts that the IRS targets partnership transactions and liabilities with new regulations:  “Under the new guidance, more property transactions between partners and partnerships are likely to be classified as disguised sales — and, therefore, subject to taxes — than under the previous IRS guidance. The guidance also curbs the use of so-called leveraged partnership transactions to avoid paying taxes.” Read more from CSH about the new regulations here.  10/19/2016