Belan Wagner

IRC 752 – Allocation of Debt Among Partners

August 1, 2011

This month’s newsletter focuses on an oldie but goodie: IRC 752 — Allocation of debt among partners — the fundamentals. For various reasons, we have been called up on to consult with accounts on the allocation of liabilities among partners — remember those boxes you have to check on the K-1’s? Almost invariably the liability […]


Tax Services Newsletter – Treatment of Losses from an Abandonment

September 16, 2008

This issue of the WKBK&Y newsletter addresses: Tax Treatment of Losses from an Abandonment or Worthlessness of a Partnership Interest — Capital or Ordinary Accrual Accounting of Rebate Offers – CCA 200826006 Two Bills in Congress to Reform the Estate Tax IRS Considering Benefits for Private Trust Companies Serving as Trustees Click here to download […]