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Revenue Procedure 2005-24

Letter to Treasury Department officials regarding Revenue Procedure 2005-24 ACGA Chair Frank Minton and Conrad Teitell sent this letter to various officials at the Department of the Treasury and the IRS on behalf of ACGA.

Teitell is acting as counsel to ACGA on this matter. He has listed the consequences of the Revenue Procedure and proposed that it be withdrawn for further study and that, if Treasury and the Service decide to pursue the matter, it be a proposed regulation with opportunity to comment.

Click here to view comments from Conrad Teitell on Revenue Procedure 2005-24