This is Current Federal Tax Developments for the week of June 20, 2016 - Consistency is the Hobgoblin of Taxes. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE, Incorporated.

This week we’ll look at the following::

The duty of consistency requires one more year of wrong reporting
IRS details how to obtain a refund of taxes on wrongful incarceration damages
The IRS National Office discusses limits on the success based fees safe harbor method
The Tax Court finds a transfer related to the cessation of the marriage does not have to be in the divorce document
LLC operating agreement’s boilerplate partnership language gets in the way of an S election
The Tax Court still believes a preparer’s fraud keep the statute open on the taxpayer’s return

A PDF filed containing articles on all of the topics discussed can be downloaded below:

2016-06-20 Current Federal Tax Developments