Warren presses Trump administration for answers on evacuation of Americans amid Iran war

Proposed IRS rules scrapping reporting requirements for complex partnerships will neutralize one of the few remaining tools the agency has to identify abusive partnership transactions, Senate Democrats are warning in a new missive to IRS and Treasury Department officials.

The letter, led by Sen. Elizabeth Warren (D-Mass.), pushed back on regulations proposed in March that rescind final rules requiring the reporting of partnerships’ basis-adjustment transactions to the IRS.

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