Tax-News.com: US Debt-Equity Regs 'Should Not Apply To Partnerships', by
Tax-News.com: On July 13, the American Institute of Certified Public Accountants wrote a letter to the US Treasury Department and the Internal Revenue Service expressing its concerns that the agencies do not have the authority to extend the application of the proposed section 385 regulations to partnership equity or debt instruments issued by partnerships.
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Tax-News.com: On July 13, the American Institute of Certified Public Accountants wrote a letter to the US Treasury Department and the Internal Revenue Service expressing its concerns that the agencies do not have the authority to extend the application of the proposed section 385 regulations to partnership equity or debt instruments issued by partnerships.
Continue reading...
