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IRS practice units: Determining liability allocations; recourse vs. nonrecourse liabilities

IRS practice units: Determining liability allocations

The IRS Large Business and International (LB&I) division publicly released two “practice units”—part of a series of IRS examiner “job aides” and training materials intended to describe for IRS agents leading practices about tax concepts in general and specific types of transactions.

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The topics of the “concept units” (as referred to by the IRS) are:

  • Determining liability allocations
  • Recourse vs. nonrecourse liabilities

Read the practice units on the IRS practice unit webpage (posting date of December 18, 2020).

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