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Good luck with this. I renewed in a cycle 2 years ago and never received my updated card. Are you a member of NAEA? IF so, contact Justin at NAEA and he will contact IRS on your behalf. If you are not a member, join -'this is a great member benefit! Otherwise, call OPR, or is it RPO, and ask them when the card will be mailed to you., lynn

I renewed on time and it took 3 months to get my card. Good luck with any attempt to expedite the process. The IRS is non-expediteable.

2553 only, in this case.

David, it sounds like your client has the scenario described in example 1 of 99-6. This video may be of some help, especially the accompanying transcript that describes the entire transaction step by step. It also includes how to determine the purchaser's basis in the assets. The purchaser's basis in the assets is in 2 pieces: that portion that was distributed to him and its effect, and the portion that he purchased from the selling member. http://www.pwm-nj.com/knowledge/tax/ruling-99-6

Love and memories to all

I quit smoking that day; because I still had CHOICES. I will never forget where I was and what I was doing.

My best friend died that day. I always remember.

Well said. Amen!