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IRS backs off Biden-era rule on partnership basis-shifting

Summary by Financial Planning
The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to protect the complex tax savings maneuver.
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IRS backs off Biden-era rule on partnership basis-shifting

The Trump administration is changing many prior policies, but supporters of this proposal are calling for further action to protect the complex tax savings maneuver.

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Financial Planning broke the news in on Wednesday, May 28, 2025.
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