IRS Begins Removal Of Partnership Basis-Shifting Regs

By Anna Scott Farrell · March 5, 2026, 1:19 PM EST

The U.S. Treasury Department and IRS officially proposed revoking partnership basis-shifting regulations Thursday that were meant to curb income tax abuse but have been criticized as burdening businesses....

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Notice

Recent Articles By Anna

March 04, 2026
Real Estate Owner Seeks Probation For $5M Tax Evasion
March 04, 2026
Tax Court Urged To Restore $20M Easement Deduction
March 04, 2026
Global Business Group Asks To Cut Debt-Equity Regs
March 03, 2026
DC Circ. Urged To Aid Discovery In ICE-IRS Data-Sharing Case
March 03, 2026
Direct Access To Tax Info Could Help SBA, GAO Says
March 02, 2026
Heirs Of $4M Oil Estate On Hook For Taxes, Judge Rules
March 02, 2026
IRS Asks 6th Circ. For Lower Bar In Nonprofit Donors Case
March 01, 2026
Union President Blasts IRS For Terminating Workers' Contract
February 27, 2026
Tax Court Urged To Restore Nixed $85M Conservation Break
February 26, 2026
IRS Broke Law 42K Times By Giving Info To ICE, Judge Says