IRS ISSUES FIRST RULING UNDER REV. PROC. 2002-22 CONCERNING THE TREATMENT OF UFIS IN A LIKE-KIND EXCHANGE.This article examines the ruling of the U.S. Internal Revenue Service (IRS) that an undivided fractional interest (UFI) in rental real property will not constitute an interest in a ...
According to former commissioner Mark Everson (2002-2007), the IRS could collect the tax for less, but increasing the IRS budget counts against the 10-year revenue projection, while hiring outside contractors does not.22Federal experience with PDC isn’t encouraging. One of the many Grant ...