The IRS issued final regulations that provide an exception from the centralized partnership audit regime for certain partnership-related items (T.D. 9969). The partnership items to which the exception ...
Regardless of the type of company you run, the same basic accounting equation applies: The value of your company's assets is equal to its total liabilities plus the owners' equity in the firm.
On Thursday, the IRS released an early draft of the instructions for Form 1065, U.S. Return of Partnership Income (IR-2020-240). The IRS is accepting comments on the draft instructions for 30 days and ...
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