Current Federal Tax Developments for the week of August 26, 2019: Watching Paint Dry Doesn’t Count

  • Taxpayer found both to have chosen the accrual method and to be required to use it as well
  • §451 proposed regulations exit OIRA review
  • Taxpayers records found to overstate hours by 150 hours, not qualified as a real estate professional
  • IRS issues formal memo changing position on ability to claim foreign tax credit on certain French taxes

Copyright 2019 Kaplan, Inc.

Direct download: 2019-08-26_Watching_Paint_Dry_Doesnt_Count.mp3
Category:general -- posted at: 7:08pm EDT



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