March 17, 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Tax Treatment of Per Capita Distributions to Members of Indian Tribes
• Guidance on Failure to File Affiliated Group Form
• Separately Filing Wife Not Protected by Husband’s Participation Under Passive Activity Rules
• Individual Didn't Meet Qualifications for Dependency Exemption or Credits
• Self-Insured Taxpayer's Legal Fees Are Not Specified Liability Losses
• State Law Bars Charitable Contribution Deductions for Easements 
• 7Estate's Deduction for Uncertain Litigation Claim Denied
• Amounts Forfeited After Insider Trading Conviction are Deductible