Partnership Basis Rules Proposed

The IRS issued proposed regulations providing guidance on the application of Sec. 704(c)(1)(C) added by the American Jobs Creation Act and the amendments to the mandatory basis adjustment rules of Sec. 743 in the AJCA.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/LznTo8IsGBc/20140115.aspx

tucson sales tax business tax tucson tax preparer tucson tax preparation tucson tucson quickbooks help