NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Genesis Bank (“Genesis” or the “Bank”), announced today that it has entered into a partnership agreement with Basis Investment Group (“Basis”), a national ...

The IRS on Wednesday issued proposed regulations providing guidance on the application of Sec. 704(c)(1)(C) added by the American Jobs Creation Act of 2004, P.L. 108-357 (AJCA), and the amendments to ...

MIAMI--(BUSINESS WIRE)--Basis Investment Group (Basis), a national commercial real estate (CRE) debt and equity investment platform, today announced a new origination partnership with Lafayette Square ...

The IRS has released a set of proposed regulations to prevent abuses of the partnership basis adjustment rules, disallow partnership loss transfers and avoid some of the abuses uncovered by the Enron ...

Yes. The deduction of a limited partner’s share of partnership losses is limited by the partnership basis, the at risk rules and the passive loss rules. Partnership basis. A partner may not deduct the ...

A partner’s tax basis in his partnership interest (referred to as “outside basis”) generally represents his economic investment in a partnership plus his share of the partnership’s liabilities. In ...

Responding to concerns that some partnerships required to report capital account information may be unable to comply, the IRS is postponing the requirement to report partners’ shares of partnership ...

If you ever receive a K-1 from a partnership, send it to your accountant without looking at it and expect that your accountant is tracking things thoroughly, pay attention. If you do your own return, ...

S corporations and partnerships operate similarly, as the owners both calculate their basis in their business. Both are flow-through tax entities where the owners are individually taxed on their ...

Business partnership contributions don't always require cash. If the partners agree, capital investments can instead consist of non-cash assets such as property, a vehicle or marketable securities.