Extension of Subchapter To Windfall Profits Tax (Repealed)

ID:
UILC:
CCA_2024032913475948
6232.00-00 R 1988
[Third Party Communication:
Date of Communication: Month DD, YYYY]
Number: 202417017
Release Date: 4/26/2024
From: ---
Sent: Tuesday, January 9, 2024 7:55:58 AM
To: ---
Cc: ---
Bcc:
Subject: RE: SCE Settlement
Hi ---,
If the BBA partnership elects to push out the adjustments to its partners, the partners compute what their change in tax would have been and it is reflected on their (for simplicity’s sake) next filed return. The IRS does not do this calculation. So you would not need a memo like this.
Please let me know if you have any questions.
Thanks,
Jenni
Jenni Black (she/her)
Senior Counsel
CC:PA:06
Phone: (202) 317-5216