Federal Tax Update Podcast

This week we look at:

• Green Book issued to explain administration’s revenue proposals
• Whether or not a 1099 must be issued, income still must be reported
• IRS gives more information about unemployment exclusion and community property states
• TAM looks at lack of “fact of the liability” for all events test dispute

Copyright 2021, Kaplan, Inc.

This week we look at:

• IRS will begin sending out advance child tax credit payments on July 15
• IRS announces simplified method to file a return for those not required to file to qualify for advance payments
• IRS provides Q&A on COBRA premium assistance payments

Copyright, Kaplan, Inc.

This week we look at:

• IRS begins revising returns that reported taxable unemployment and excess APTC
• HSA and HDHP numbers for 2022 released
• Census will not change the boundaries of qualified opportunity zones
• IRS looking to automate submission of power of attorney forms

Copyright 2021, Kaplan, Inc.

This week we look at:

• IRS begins revising returns that reported taxable unemployment and excess APTC
• HSA and HDHP numbers for 2022 released
• Census will not change the boundaries of qualified opportunity zones
• IRS looking to automate submission of power of attorney forms

Copyright 2021, Kaplan, Inc.

This week we look at:

• IRS looks at issues for use of an aircraft by a sole proprietor
• Dividends from controlled C corporation are still part of net investment income under IRC §1411
• IRS allowed to serve John Doe summons on Kraken exchange for information on customers

Copyright, Kaplan, Inc.