This is Current Federal Tax Developments for the week of January 9, 2017 - Making Extensions.  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:

• The Joint Committee on Taxation Updates the List of Expired and Expiring Tax Provisions
• FinCEN creates a permanent automatic extension for FBAR reports
• The fact a corporation had no cash did not mean it shouldn’t be subject to the accumulated earnings tax
• Guidance is issued on the PATH rule reducing the requirement to send out amended 1099s
• The IRS outlines how to maintain CPEO status

The audio version of this week's update can be streamed or downloaded below