Federal Tax Update: Passthroughs and the One Big Beautiful Bill

https://vimeo.com/1085112388?share=copy#t=0

https://www.currentfederaltaxdevelopments.com/podcasts/2025/5/18/2025-05-19-passthroughs-and-the-one-big-beautiful-bill

This week we look at:

• IRC Section 7433 and the Scope of the Collection Waiver of Sovereign Immunity
• The Claim of Right Doctrine Applied to Business Errors
• IRC Section 7433: Reinforcing Collection vs. Assessment Distinction
• Selected issues from The One, Big, Beautiful Bill’s tax provisions
• Proposed Changes to the Section 199A Qualified Business Income Deduction
• Proposed Changes Affecting Passthrough Entities and State PTE Taxes
• Interest Deductions and Penalties in Complex Financial Transactions