This week we look at:

  • Second Circuit Rules on Section 179D Deductions and Accounting Method Change
  • IRS Guidance on ACA Notice Posting
  • Court Case on CPA Negligence and Trust Return Penalties
  • BOI Reporting Requirement Updates

 

Direct download: 2025-02-24_BOI_Developments_Week.mp3
Category:general -- posted at: 10:22am EST

This week we look at:

  • Deductibility of Losses: Weston v. Commissioner
  • Conservation Easements: Green Valley Investors LLC
  • Automobile Depreciation and Lease Inclusion
  • S Corporation Inadvertent Termination Relief
  • Corporate Transparency Act (CTA) - Government Briefs
  • House Ways & Means Committee Tax Bills
Direct download: 2025-02-17_A_Week_of_Lost_Losses.mp3
Category:general -- posted at: 10:13am EST

This week we look at:

  • IRS issues letter ruling on IRA left to trust
  • A taxpayer mistakenly believes the IRS had conceded that his income was not subject to self-employment tax, but it hadn’t
  • The Tax Court denies a taxpayer’s deductions and claimed partnership losses due to incredibly disorganized and inadequate records
  • Taxpayer runs afoul of the “pay first, litigate later” rule when attempting to sue the IRS for a refund in US District Court in response to an assessment
  • A taxpayer’s unprocessed claim for an ERTC refund doesn’t justify CDP relief
  • The BOI - new Administration continues litigation and proposes a new due date, potential filing relief
Direct download: 2025-02-10_New_Administration_Pushes_Foward_with_the_CTA.mp3
Category:general -- posted at: 11:46am EST

This week we look at:

  • Tax Court Finds Property Donated to Charity Had a Value Less than One-Third of What Taxpayers Claimed on Return
  • IRS Finds Most Expenses Related to Taxpayers’ In Vitro Fertilization and Surrogacy Will Not Be Deductible Medical Expenses Under IRC §213
  • Taxpayer Denied Innocent Spouse Relief in Tax Court Bench Opinion
  • Tax Court Finds No Issue With the Appeals Office Structure and Staffing
  • Failure to Provide Proof of Filing of Returns Fatal to Taxpayer’s Attempt at Obtaining Relief in CDP Hearing Despite IRS Procedural Errors
Direct download: 2025-02-03_A_Week_of_Tax_Court_Rulings.mp3
Category:general -- posted at: 10:28am EST

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