![IRS crackdown on ‘partnership basis shifting’—a major tax loophole for the wealthy—could raise $50 billion](https://images.fastcompany.com/image/upload/w_1280,q_auto,f_auto,fl_lossy/wp-cms-2/2024/06/AP24167704509842.jpg)
IRS crackdown on ‘partnership basis shifting’—a major tax loophole for the wealthy—could raise $50 billion
Fast CompanyThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury Department says.
The guidance and ruling being announced Monday includes plans to essentially …