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2024-11-18 End of Partnership Suspense Account at the IRS
Nov 15 2024
Length: 59 mins
Podcast

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

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Summary
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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