This is Current Federal Tax Developments for the week of December 26, 2016 - Boxing Up Tax Developments for 2016.  Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE.

This week we’ll look at the following:

• Some injured veterans have a chance to claim a refund
• IRS extends automatic accounting method relief for issue related to tangible property regulations
• Organization denied exempt status where 50% of the benefits would go to one pre-selected person
• Modifications to trust did not allow for trust income tax deduction
• Partner discovers that taxes, like life, are unfair
• Partner who cannot show debt allocated to her found not to have basis with which to claim a loss

The audio version of the podcast can be streamed or downloaded below

The articles for this week's podcast can be downloaded below.

• 2016-12-26 Current Federal Tax Developments