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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...