Current Federal Tax Developments for the week of February 27, 2017 - What’s MyNumber?. Current Federal Tax Developments is brought to you by the state CPA societies and Nichols Patrick CPE.

This week we look at the following developments

• Taxpayer is unable to justify deduction for payment to controlled corporation

• A debt must be actual in order to have a bad debt, and this taxpayer didn’t have a real debt

• The IRS makes public the list of organizations that have qualified as exempt using Form 1023-EZ

• Court rejects estate’s value for art, finds appraiser had a conflict of interest and appraisal flawed

• IRS publishes notices to be used when accounts referred to third party collection agencies

The audio only version of this week's program can be streamed or downloaded below:

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

• 2017-02-27 Current Federal Tax Developments