The IRS can use § 482 reallocations to assure that transactions between related parties are properly reflected in a tax return.

Name: The IRS can use § 482 reallocations to assure that transactions between related parties are properly reflected in a tax return.
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§ 482 of the Internal Revenue Code allows the IRS to reallocate income, deductions, credits, and allowances between related parties to prevent tax evasion or to ensure that transactions are properly reflected in a tax return.

The IRS Can Use § 482 Reallocations to Assure That