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October 30, 2024Ben WagnerCategories: Ben Wagner, Income and Deductions, Internal Revenue ServiceTags: Basis Shifting, CA tax lawyer, California tax lawyer, Chevron, DOR attorney, DOR lawyer, DOR tax attorney, DOR tax case, Economic Substance, Internal Revenue Service, IRS, lawyer tax twin cities, MDR, MDR information, Metro MN Tax Lawyer, minneapolis tax, Minneapolis Tax Attorney, Minneapolis Tax Lawyer, minnesota tax, MN Tax Attorney, Partnership, Related-Party Basis Shifting, sd tax lawyer, st. paul tax, st. paul tax attorney, st. paul tax lawyer, tax attorney, tax attorney mn, tax lawyer mn, twin cities attorney tax, twin cities tax, Twin Cities Tax Attorney, Twin Cities Tax Lawyer, United States Treasury, wi tax lawyer, wisconsin tax attorney

Treasury and Internal Revenue Service Crack Down on Related-Party Basis Shifting

In June of 2024, the Internal Revenue Service (IRS) issued guidance attempting to address the percei...