Proposed Rules Would Change Partners? Treatment of Unrealized Receivables and Inventory Items

The IRS issued proposed regulations under Sec. 751 that would amend the rules governing how a partner measures its interest in a partnership?s unrealized receivables and inventory items and the tax consequences of a distribution to a partner reducing that interest.

Source: http://feedproxy.google.com/~r/AICPA_Tax/~3/vOB4MszyGzQ/20141031.aspx

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