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IRS Rule 2024-14: Marshall Questions Trump Nominee on 'Weapon for Selective Enforcement'

Forbes Breaking NewsOctober 7, 20256 min1,560 views
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IRS Rule 2024-14 and Economic Substance

  • 🎯 Senator Marshall questioned Donald Korb, Trump's nominee for IRS chief counsel, regarding IRS revenue ruling 2024-14.
  • 🔍 Korb acknowledged awareness of the ruling, which addresses challenges in partnership-related basis shifting transactions, and stated he has studied it.
  • ⚖️ Marshall expressed concern that the ruling
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What’s Discussed

IRS Rule 2024-14Biden AdministrationSelective EnforcementEconomic Substance DoctrineTax PolicyPartnership TaxationDonald KorbSenator Roger MarshallTrump NomineeIRS Chief Counsel
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