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Final Rules Related Parties Internal Revenue Code (IRC)

Allen Matkins

Final Regulations Released for Partnership Recourse Liabilities

Allen Matkins on

On December 2, 2024, the Department of Treasury published final regulations (Final Regulations) governing the allocation of recourse liabilities of a partnership among its partners under Section 752 of the Internal Revenue...more

Williams Mullen

IRS Releases Finalized Regulations Regarding Taxation of Carried Interest

Williams Mullen on

The U.S. Department of Treasury and the Internal Revenue Service recently issued final regulations (“the Final Regulations”) regarding certain aspects of so-called carried interest under Section 1061 of the Internal Revenue...more

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