Current Federal Tax Developments

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2017-12-04 On to the Conference

Current Federal Tax Developments for the week of December 4, 2017 - On to the Conference.  Current Federal Tax Developments is brought to you by the state CPA societies and the Loscalzo Institute, a Kaplan Company.

This week we look at the following developments:

  • Senate passes their version of HR1, setting up moving to a conference committee
  • IRS gets access to information from bitcoin exchange
  • The Tax Court uses English law to determine if a payment was alimony for federal tax purposes
  • A safe harbor casualty loss rule is adopted for damage to concrete foundations caused by pyrrohite
  • A taxpayer is denied a deduction for legal fees to recover overpaid alimony
  • More relief for partnerships due to change in filing dates for 2016 returns
  • The Tax Court updates its views on how to evaulate Stamps.com postmarks under timely filing rules

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2017-12-04 On to the Conference Ed Zollars, CPA

A PDF with this week's articles on the developments can be downloaded below:

2017-12-04 Current Federal Tax Developments