June 10, 2013

Federal Tax Update Podcast

With E. Lynn Nichols, CPA

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This week's podcast includes:

• Purported Management Fee Payments Weren't Deductible
• Independent Contractor Can't Deduct Travel Expenses
• Real Estate Activity Was Passive; Rental Property Losses Disallowed
• No Carryover Deductions From Conservation Easement Contribution
• Bankruptcy Court Denies Confirmation of Debtor's Plan for Not Including Future Tax Refunds
• Payment to Former Spouse Not Alimony; No Penalty Imposed
• Finance Committee Releases Tax Reform Paper on Income and Business Entities
• Salesman Denied Deductions for Employee Business Expenses
• Wells Fargo Not Required to Turn Over Some Tax Accrual Workpapers to IRS