Tag: partnerships
Tax Basis Reporting Requirements Delayed
On December 9, 2019, the IRS issued Notice 2019-66, which provides that partnerships required to…
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2019 Year-End Tax Planning for Businesses
All businesses seek to reduce costs, and year-end tax planning presents the chance for significant…
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Partnership Recourse Liabilities and Disguised Sale Regulations
The IRS has released final regulations providing guidance for a partnership to allocate its liabilities…
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Partnership Disclosure Requirements for 2019 Filings
On September 30, 2019, the Internal Revenue Service (IRS) posted copies on its website of…
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New Partnership Reporting Requirement: Negative Tax Basis Capital Account Information
The IRS now requires partnerships to report each partner’s tax basis capital on their respective…
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Treasury Notice: Proposed GILTI Regulations for Domestic Partnerships And S Corporations
On August 22, 2019, the Department of the Treasury and the Internal Revenue Service (collectively,…
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2018 Year-End Tax Planning for Businesses
Businesses of all sizes, across all industries, have been impacted by the monumental changes to…
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First Highland
First Highland Management & Development Corp, a leader in the industrial real estate market, elected…
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Proposed Regulations Under Section 168(K): Impact to Partnerships and Partners
The proposed regulations affect taxpayers who deduct depreciation for qualified property acquired and placed in…
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Final Regulations Published for Centralized Partnership Audit Regime
Starting with tax years that begin after December 31, 2017 (i.e. 2018 tax years), partnership…
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