2019-09-30 Rentals and the Safe Harbor

Current Federal Tax Developments for the week of September 30, 2019: Rentals and the Safe Harbor

• IRS releases final version of §199A rental safe harbor
• Special per diem rates that take effect on October 1, 2019 released
• Tax Court does not accept imprisonment and lack of access to what might be deductible expense documentation as reasonable cause for late filing.

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