• IRS Issues Proposed Regulations on Allocation of Partnership Liabilities and Disguised Sales Rules: The Proposed Regulations, If Adopted, Would Affect the Tax Consequences of Many Transactions Involving Partners and Partnerships
  • February 10, 2014
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On January 29, 2014, the IRS and Treasury Department issued proposed regulations (the “Proposed Regulations”) that would amend (i) the rules regarding allocation of partnership liabilities and (ii) the partnership disguised sales rules.