Final Rules Issued on Bona Fide Indebtedness and Terminating Partnership’s Startup Expenses | Lauzen Accounting

Final Rules Issued on Bona Fide Indebtedness and Terminating Partnership’s Startup Expenses

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Final regulations were issued on S corporation shareholder basis of indebtedness of the S corporation to the shareholder only if the indebtedness is bona fide and on the deductibility of startup expenditures and organizational expenses for partnerships following a termination of a partnership.

Source: AICPA – Tax

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