Current Federal Tax Developments

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May 2, 2016 - IRS and the High Seas

For this week of May 2, 2016 in Current Federal Tax Developments we look at:

  • The IRS’s reach extends to the high seas
  • Another conservation easement deduction bites the dust
  • HSA limits for 2017 come out and little changes
  • After a series of errors, the IRS grants a taxpayer permission to undo an larger than desired Roth IRA conversion
  • California’s donor disclosure law, constitutional on its face, found to not be constitutional due to botched execution by the state
  • We will one more year of not having the information we need on Forms 1098Ts as educational institutions given relief from PATH law change

Current Federal Tax Developments is brought to you by the state societies of CPAs and Nichols Patrick Incorporated

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May 2, 2016 Current Developments - IRS and the High Seas Edward K Zollars, CPA

A PDF of the articles on the topics discussed this week can be downloaded below: