OrbitaxIRS Identifies New Compliance Campaign on Partnership Losses in Excess of Partner's Basis
|Approved Changes|United States
The IRS Large Business and International (LB&I) Division has announced the identification and selection of a new compliance campaign regarding Partnership Losses in Excess of Partner's Basis. Compliance campaigns are identified through LB&I data analysis and suggestions from IRS employees, with the goal of improving return selection, identifying issues representing a risk of non-compliance, and making the greatest use of limited resources.
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Partnership Losses in Excess of Partn…