2020-01-20 Relief Week

Current Federal Tax Developments for the week of January 20, 2020: Relief Week

• IRS expands rules excluding from income discharge of certain student loan debt
• Did the IRS just endorse a SALT workaround? Or maybe not…
• Small partnership late filing relief revenue procedure still in effect despite repeal of TEFRA provision
• Tax Court found taxpayer’s petition was more likely than not filed timely

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