Federal Tax Update Podcast

This week we look at:

• Reported IRS backlog of unanswered letters that arrived during the shutdown

• IRS publishes information on impact of shutdown on matters before the Tax Court

• W-2 wages Revenue Procedure made final at same time §199A final regulations come out

• More thoughts on the §199A final regulations

Copyright 2019, Kaplan, Inc.

This week we look at:

• New York State Publishes Its Wayfair Guidance, Demanding Immediate Compliance
• Trust Case Going to US Supreme Court
• Sequestration Does Not Apply to Minimum Tax Credit
• Proposed Safe Harbor for Rental as a Trade or Business Under §199A
• Final Regulations Are Out - §965 and, the Big One, §199A
• IRS Grants Limited Waiver of Underpayment Penalties

Copyright 2019 Kaplan Professional Education

This week we look at:

• IRS reopens IVES and user-fees based programs

• Advisers need to be sure to check syndicate rules to assure entity not subject to §163(j) rules

• Treat of realtors revised in second draft version of portion of Publication 535

• Filing season to start January 28, refunds are going to be issued

• Address to file gift tax returns has changed, estate tax return address to change in July

Copyright 2019, Kaplan, Inc.

This week's developments:

• IRS Notice gives guidance to tax-exempt organizations on excess compensation tax

• Outgoing W&M Chairman publishes discussion paper on TCJA technical corrections

• §199A final regulations still sitting at OIRA

Copyright 2019, Kaplan, Inc.