WASHINGTON, Aug. 19 -- Internal Revenue Service has issued a proposed rule called: Returns Relating to Sales or Exchanges of Certain Partnership Interests.
The proposed rule was published in the Federal Register on Aug. 19 by Edward T. Killen, Acting Chief Tax Compliance Officer.
Summary: This document contains proposed regulations modifying information reporting obligations with respect to sales or exchanges of certain interests in partnerships owning inventory or unrealized receivables. The proposed regulations affect partnerships.
For more information, contact Concerning the proposed regulations, Jeremy Brown, 202/317-5279 (not a toll-free number); concerning the submission of comments, contact the Publications and Regulations Section...