The Internal Revenue Service has issued final regulations to provide guidance on the allocation and apportionment of interest expense by corporations that own a 10 percent or greater interest in a ...

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The IRS has issued temporary and identical proposed regulations that make four changes to the rules for allocating and apportioning interest expense for partners in partnerships (T.D. 9571; REG-113903 ...

Even if a will or trust does contain a tax-apportionment clause, directing payment of all taxes out of the residue may not be the best tax result for the beneficiaries and may not mirror the ...