This week we look at:

  • Damage award found to not be for physical injuries, entire amount taxable
  • Partnership language in LLC operating agreement revision terminated S corporation status (creating a C corporation)
  • Taxpayer failed to wait required 6 months for IRS to act on refund claim before filing suit

Copyright 2022, Kaplan, Inc.

Direct download: 2022-11-28_Difficulties_Using_LLC_as_Legal_Entity_for_S_Corporation.mp3
Category:general -- posted at: 2:56pm EST

This week we look at:

  • IRS news releases this week on:
    • Qualified charitable distributions
    • Seventh Annual National Tax Security Awareness Week

Copyright, Kaplan, Inc.

Direct download: 2022-11-21_IRS_News_Releases.mp3
Category:general -- posted at: 6:24pm EST

This week we look at:

  • Tax Court finds that adding to listed transactions requires IRS to comply with Administrative Procedures Act
  • Election results and likely tax actions in lame duck session
  • What about next year with the new Congress?

Copyright 2022, Kaplan, Inc.

Direct download: 2022-11-14_Impacts_of_the_Election_on_Tax.mp3
Category:general -- posted at: 3:49pm EST

This week we look at:

  • IRS releases Form 1120-S Schedule K-2 and K-3 draft instructions with similar exceptions to Form 1065 version
  • IRS gives some indication on when ยง174 guidance will come out
  • Tax benefits alone not enough to establish taxpayer had a profit motive in solar lens leasing business
  • IRS grants late rollover relief to victim of fraud

Copyright 2022, Kaplan Inc.


1



-->

Syndication

Categories

Archives

November 2022
S M T W T F S
     
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30