Bulletin No. 2005-18 May 2, 2005

closing election under Rev. Proc. 2003–84, 2003–2 C.B. 1159, is treated as if directly invested in the assets held by the partnership. Rev. Proc. 2003–32 amplified and superseded.

Announcement 2005–31, page 996. This document contains corrections to final regulations (T.D. 9165, 2005–4 I.R.B. 357) under section 330 of Title 31 of the U.S. Code governing practice before the Internal Revenue Service (Circular 230).