Section 29 tax credits adjusted downward after the US government revamped its inflation index | Norton Rose Fulbright
THE IRS IS STUDYING THE TAX TREATMENT OF CERTAIN PARTNER CONVERSIONS. The agency asked for comments on what happens when someone exercises an option to acquire a partnership interest, or converts a convertible debt instrument into a partnership interest, or converts a preferred partnership interest into a common interest. Comments are due by September 15.
Keith Martin