Partner Todd Lowther, Derek Kershaw and associate Matthew Behrens will discussed the Internal Revenue Service's proposed regulations providing guidance under Section 1061 of the Internal Revenue Code. The presentation covered some key points and examples relating to the proposed regulations, including guidance for determining the amount of gain to be recharacterized pursuant to Section 1061, certain relevant exceptions as well as new reporting requirements for affected partnerships. Tax Team Leader Michael Shulman moderated the discussion.
Originally published 21 August, 2020
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