2020-07-18 The Tax Court Deals with Debt Issues

This week we look at:

• IRS describes letters issued for Form 7200 when various issues arrive
  Loan was nonrecourse since lender did not take route that could have lead to deficiency judgment
• Debt failed to be qualified principal residence interest
• IRS proposes to add Schedules K-2 and K-3 for international partnership issues
• PTIN fees to return next year

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