2017-09-05 Harvey Relief
Current Federal Tax Developments for the week of September 5, 2017 - Harvey Relief. 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
- IRS and Texas provide due date relief for those in Harvey disaster area
- IRS provides special rules to allow for hardship distributions and loans from qualified plans for those in Harvey disaster area
- Taxpayer owed excess premium credit despite exchange’s failure to update monthly premium for information taxpayer provided
- Loss related to minor daughter's pageant activity has to go on daughter’s return
- A taxpayer’s refund ends up in a “black hole” caused by a quirk in how Congress drafted the law
- IRS grants relief for partnerships that missed the change in due dates this year
- Taxpayer unable to establish that an extension was actually filed
- IRS TAM discusses recognition of a common law marriage
The audio version of this week's broadcast can be streamed or downloaded below:
The articles for this week's updates are found in the PDF that may be downloaded below: