June 3, 2014

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Disallowed Loss Still Reduces Shareholders' Bases in S Corp Stock
• Refund of State ITC Is Treated as Ordinary Income
• Jury Upholds FBAR Fines Totaling 145 Percent of Account Value
• FASB and IASB Release Long-Awaited Revenue Standard
• IRS Didn't Abuse Discretion in Rejecting Compromise Offer