The Tax Court interprets local law to determine whether a loan was recourse or non-recourse (Duffy v. Comm’r, T.C. Memo 2020-108)
Treasury and the IRS finalize regulations and issue new proposed regulations under Section 163(j) (TD 9905 and REG-107911-18)
Treasury and the IRS finalize regulations under Section 250 (TD 9901)
Treasury and the IRS release final and proposed regulations under Sections 951A and 954(b)(4) (TD 9902 and REG-127732-19)
Treasury releases proposed regulations under Section 1061 (REG-107213-18)
IRS issues a flowchart describing the timeline for examinations of and adjustments to partnership returns subject to the centralized partnership audit regime