I agree that the de minimis partner rule should be released. It should be removed in order to prevent any unforeseen tax consequences. The intents and the outcomes did not result in agreement. It is fair to say that these consequences were not intended and that rule should be changed. Those who do not benefit from this change should not receive any reprimands. Those who do benefit from this change should carry any related burdens, financial or otherwise. This will elicit a better and well-thought out proposal in the future.
Comment on FR Doc # 2011-27575
This is comment on Proposed Rule
Partner's Distributive Share
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Public Submission Posted: 12/09/2011 ID: IRS-2011-0033-0002
Jan 23,2012 11:59 PM ET