Current Federal Tax Developments

Keeping CPAs Up to Date on Tax Matters

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2024-11-18 End of Partnership Suspense Account at the IRS

November 16, 2024 by Ed Zollars, CPA

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

An audio only version of this week’s broadcast can be streamed or downloaded below:

A PDF of this week’s slides and links to supporting documents can be downloaded below:

2024-11-18 Current Federal Tax Developments

November 16, 2024 /Ed Zollars, CPA
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