2020-08-02 Rise of the Syndicates

This week we look at:

• IRS releases multiple regulation project texts on TCJA items
• No syndicate relief offered for tax shelters by the IRS for small business accounting or §163(j)
• Taxpayers informed how to deal with inventory issues when opting out of application of §471(a)
• Forms 3115 for automatic method changes to be faxed in beginning in August

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