TITLE

Basis Overstatement Does Not Trigger Six-Year Statute of Limitations

AUTHOR(S)
Barton, Peter C.; Sager, Clayton R.
PUB. DATE
June 2008
SOURCE
CPA Journal;Jun2008, Vol. 78 Issue 6, p38
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In this article, the authors discuss the implementation of the U.S. Internal Revenue Code (IRC). According to the authors, sections of the IRC require that the Internal Revenue Service make tax adjustments to partnership items, including items of income, loss, deductions, credits, or liabilities at the partnership level. They note that the code imposes a minimum period for assessing federal income tax on any person that is attributable to any partnership item.
ACCESSION #
32590272

 

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