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The FICPA podcast is to inform and educate our members & the CPA community with today’s hottest issues. Our mission is to serve our members, enhance their competency & professionalism, support professional standards, promote the value of our members & advocate on behalf of the CPA Profession.
Episodes
Monday Nov 18, 2024
Federal Tax Update: End of Partnership Suspense Account at the IRS
Monday Nov 18, 2024
Monday Nov 18, 2024
https://vimeo.com/1030183814?share=copy#t=0
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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