by Kim Helgerson | Jul 22, 2024 | News, Publications
On June 17, the IRS announced proposed guidance aimed at limiting “basis-shifting” in transactions between related-party partnerships. Such targeted basis-shifting transactions are those that use the flexibility of the partnership rules under the Internal...
by Kim Helgerson | Jul 16, 2024 | News, Publications
BACKGROUND Under the federal Corporate Transparency Act (“CTA”) companies that qualify as “reporting companies” are required to report certain information about their “beneficial owners” to the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United...
Recent Comments