WASHINGTON, May 20 -- Internal Revenue Service has issued a rule called: Returns Relating to Sales or Exchanges of Certain Partnership Interests.
The rule was published in the Federal Register on May 20 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains final regulations modifying information reporting obligations with respect to sales or exchanges of certain interests in partnerships owning inventory or unrealized receivables.
For more information, contact Benjamin Weaver, 202/317-6850 (not a toll-free number).
The full text of the rule can be found at: http://www.gpo.gov/fdsys/pkg/FR-2026-05-20/html/2026-10116.htm
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