This is Current Federal Tax Developments for the week of July 25, 2016 - Fraud and Changing Procedures.  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:

• IRS restarts program to allow obtaining replacement IP PINs online-but many may not be able to use it
• Letters will be sent before the IRS contacts employers for federal tax deposit alerts
• Do you need to own oil and gas properties to claim the benefits of the rapid write off of geological and geophysical expenses?
• IRS creates safe harbors that apply to certain transactions attempting to meet the requirements for a tax free distribution under §355
• The word “excessive” does not include what might be considered “unfair” interest
• Taxpayer tries to block imposition of pre-notice interest on transferee liability

The audio only version of this week's broadcast can be streamed online or downloaded for listening offline via the link below:

You can download a PDF with this week's articles below:

• 2016-07-25 Current Federal Tax Developments