The IRS has issued new guidance to its Large Business and International Division (LB&I) in an attempt to expedite audits.
The interim guidance, released on July 23, 2025, outlines procedural changes that will further...more
The U.S. Tax Court recently held in SN Worthington Holdings LLC v. Commissioner, 162 T.C. No. 10 (2024), that the petitioning partnership had properly elected into the Bipartisan Budget Act of 2015 (BBA) procedures for the...more
6/3/2024
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