parties are supposed to file (can't think of the number) when a business is bought/sold -- the one that details the distribution of proceeds among the various assets; anybody know of any cases where IRS matched them up; one client's against the other? For all I know maybe they're all slated for a cross-check, but I have yet to see it happen. And I know of several businesses that would have been affected and forms were never filed on at least one of the participants -- nothing ever came of that either.
Question -- do you think/know if anybody at IRS is minding the store on this issue? I haven't come across a single case. You?
Question -- do you think/know if anybody at IRS is minding the store on this issue? I haven't come across a single case. You?
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