The IRS will have to revamp its audit and litigation strategy for partnership related-party basis-shifting transactions following the Trump administration’s repeal of a guidance package, according to a former Treasury official.
Read more: https://www.taxnotes.com/tax-notes-today-federal/basis/basis-shifting-guidance-repeal-may-force-irs-adjust-strategy/2025/05/08/7s61t
Read more: https://www.taxnotes.com/tax-notes-today-federal/basis/basis-shifting-guidance-repeal-may-force-irs-adjust-strategy/2025/05/08/7s61t
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