The IRS said Friday that it is providing relief from certain penalties imposed solely for failure of a partnership with unrealized receivables or inventory items to furnish Part IV of Form 8308, ...
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IRS plans changes to partnership reporting
The Internal Revenue Service moved to tighten reporting on certain partnership transactions, proposing new rules that would change how partnerships complete Part IV of Form 8308. The proposal, ...
The U.S. Department of the Treasury and IRS recently proposed rules that would modify the timing of so-called "hot asset" reporting. The change is welcome news for practitioners who were concerned ...
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