2024-11-18 End of Partnership Suspense Account at the IRS
Federal Tax Update Podcast · The Ohio Society of CPAs
November 15, 202458m 57s
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Show Notes
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