Partnerships Issue Paper. The topic and Instructions is attached. Also both Topic and Instructions are in instructions box below.

April 13, 2023April 13, 2023 Discipline: Accounting

Partnerships Issue Paper Topic below

“1. The IRS is trying to have partnerships report individual partners’ bases. This basis record is normally maintained by the individual partner, but the IRS suspects routine ignoring of the basis limitation for deducting losses. Why is this requirement so onerous to partnerships, and how are they and the IRS coping?”
Instructions:
The paper should be 5-10 pages long. Do not use Chat GPT—this only counts for 10% of the grade, and the risk of an academic integrity violation is too great to risk for a slight change in your numerical average. Also, this paper is an easy assignment. No footnotes, no bibliography, no formal research paper characteristics. I want you to briefly describe (an opinion) the issue (I know the issue, and only want enough to know that you know it too). The important part is discussion of the ramifications of the issue and any opinions you have based on these ramifications. I’m looking for your opinions more than facts.  

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