Finanse publiczne · 29/11/2019
IRS Corrects Final Regulations on Section 108(i) for Partnerships and S Corporations
The IRS has corrected and removed temporary regulations regarding the application of section 108(i) of the Internal Revenue Code to partnerships and S corporations, specifically addressing the deferral of discharge of indebtedness income and original issue discount deductions for reacquisitions of debt instruments between 2009 and 2010.