This edition of What's News in Tax highlights an ongoing series of articles by Washington National Tax professionals on significant federal income tax issues concerning natural resources publicly traded partnerships (PTPs).

A primer on these tax issues with respect to natural resources and PTPs has been prepared and is intended to be a practical resource for both taxpayers and tax professionals. There are a unique and complex set of U.S. federal income tax issues surrounding the formation and operation of a natural resources PTP.

A multi-part primer entitled "Triangles in a World of Squares" is being published in Taxes - The Tax Magazine and is also available as part of this article.