Getting Ahead of Next Tax Season
To prepare practitioners for unexpected issues that may arise during tax season Citrin Cooperman Partner and Tax Practice Leader Joe Bublé highlights one area of potential consequence for preparers. He has also noted that the IRS has proposed regs on Section 163(j) that could potentially be finalized soon.
“The IRS has issued draft partnership K-1s which have extensive changes. They require new disclosures of information.”
“They [proposed regulations] were supposed to be final by the end of summer, but it hasn’t happened yet. Practitioners should be on the lookout for those.”
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