This is Current Federal Tax Developments for the week of December 19, 2016 - Pre-Holiday Tax Topics.  Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, a Division of the Loscalzo Institute.

This week we’ll look at the following:

• Supreme Court declines to review Colorado use tax decision from Tenth Circuit
• Couple found to have willfully failed to file FBAR reports
• Interest on purchase of land ends up being capitalized into almond trees
• The 2017 mileage rates are out
• Grading and soil compaction work on residence lots found to qualify as homebuilding and for completed contract accounting
• Failure to conduct activities causes a loss of exempt status
• Remember that due dates to get W-2s and 1099-MISC with nonemploye compensation have moved to January 31 this year

An audio only version can be streamed or downloaded below:

A PDF article for this week's podcast can be downloaded below:

• 2016-12-19 Current Federal Tax Developments