Federal Tax Update Podcast

Copyright 2018 Kaplan Professional Education

Copyright 2018 Kaplan Professional Education

This week we look at the following items:

• Updated timeline for some TCJA guidance
• Court accepted father’s testimony for where son lived during tax year
• Dad denied deduction for payments related to revenue collected for son who lacked a general contractor’s license
• The IRS grants some relief for §965 transition tax payments
• Memo deals with confusion that arose due to special meaning certain words have in a tax context

Copyright 2018 Kaplan Professional Education

This week we look at the following items:

• Fact sheet on how the IRS contacts taxpayers--and how it doesn’t
• Ruling issued on how funds sent to state under abandoned property laws is treated for withholding and reporting purposes
• Taxpayer was found to be a statutory employee, deductions allowed above the line
• IRS issues proposed regulations that would increase number of taxpayers that must electronically file all information returns

Copyright 2018 Kaplan Inc.