YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The IRS is seeking to end a tax loophole that's reportedly used by wealthy taxpayers.
A proposed rule would stop “partnership basis shifting," which refers to the process of moving assets among a series of related parties to avoid paying taxes.
Closing the loophole could raise more than $50 billion over the next decade, according to the Treasury Department.
Read more from The Associated Press.
The first of two planned expansion efforts by Springfield Brewing Co. launched in Rogersville; Legal Services of Southern Missouri relocated; and a new Springfield Fire Department station opened.