Current Federal Tax Developments for the week of October 22, 2018: Seizing the Opportunity

This week we look at the following items:

• A pastor had taxable income from pastoral donations

• IRS grants filing and payment relief related to Hurricane Michael

• A taxpayer could not apply payment where the IRS had levied the account

• Initial Qualified Opportunity Zone proposed regulations issued

Citations for this week’s topics and a copy of the proposed regulations can be downloaded below:

2018-10-22 Current Federal Tax Developments