Monte Jackel of Jackel Tax Law discusses partnership taxation rules and the role they play in former President Trump’s ongoing IRS audit.

For more, read the article from ProPublica and The New York Times, "IRS Audit of Trump Could Cost Former President More Than $100 Million."

For more on Trump's taxes, listen to Trump’s Tax Returns and the Future of Transparency.

For additional coverage, read these articles in Tax Notes:

• Analysis: The Worthlessness Deduction for Partnership Interests: An Unguided Missile
• Analysis: Assets-Over Merger Blunders on Negative Adjustments

Follow us on Twitter:

• David Stewart: @TaxStew
• Tax Notes: @TaxNotes

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CreditsHost: David D. Stewart
Executive Producers: Jasper B. Smith, Paige Jones
Showrunner: Jordan Parrish
Audio Engineers: Jordan Parrish, Peyton Rhodes
Guest Relations: Alexis Hart