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: