Tag: partnerships
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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Tax Reform FAQs
The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…
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IRS Provides Insight for Long-Term Capital Gain Treatment Under Section 1061
On Thursday, March 1, 2018, the Internal Revenue Service (IRS) issued Notice 2018-18 (the “Notice”)…
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Rules Finalized for Partnerships Opting Out of Centralized Audit Regime
The IRS has issued final regulations for partnerships who wish to opt out of the…
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Tax Reform’s Top 10 List
2017’s landmark, $1.5 trillion tax law — commonly referred to as The Tax Cuts and…
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