2024-11-18 End of Partnership Suspense Account at the IRS
Nov 15, 2024•59 min
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Episode description
This week we look at:
- IRS may stop putting “taxpayer may rely” statements on proposed regulations
- Tax Court rules partnership basis calculations are cumulative in nature and not stand-alone annual calculations under IRC §705
- Latest speculations on what will get through Congress in 2025 - if anything
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