2025-05-19 Passthroughs and the One Big Beautiful Bill
This week we look at:
IRC Section 7433 and the Scope of the Collection Waiver of Sovereign Immunity
The Claim of Right Doctrine Applied to Business Errors
IRC Section 7433: Reinforcing Collection vs. Assessment Distinction
Selected issues from The One, Big, Beautiful Bill’s tax provisions
Proposed Changes to the Section 199A Qualified Business Income Deduction
Proposed Changes Affecting Passthrough Entities and State PTE Taxes
Interest Deductions and Penalties in Complex Financial Transactions
An audio only version of this week’s update can be streamed or downloaded below.
A PDF with articles on this week’s developments can be downloaded below.