Federal Tax Update Podcast
With E. Lynn Nichols, CPA
This week's podcast includes:
- Tax Consequences of Proposed Trust Division
- No Gain or Loss Recognized on Transaction
- IRS Entitled to Reconstruct Business Income, Impose Penalties
- Gain From Sale of Property Is Ordinary Income; Penalty Imposed
- Individual Denied Joint Filing Status, Exemptions, and Credits
- Couple Denied Deductions for Easement Donations; Penalties Apply
- Individual Had Wage Income Not Business Income; Deductions Denied
- IRS Issues SB/SE Guidance on Collecting Civil Penalties
