Current Federal Tax Developments

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2018-12-24 Feeling Blue (Book) Over the Holidays

Current Federal Tax Developments for the week of December 24, 2018: Feeling Blue (Book) Over the Holidays

This week we look at:

  • Just prior to the one year anniversary of TCJA, we finally get a Joint Committee staff Blue Book.on the law

  • Tax credits for purchases of Teslas are being phased-out during 2019

  • MFP payments found in IRS memorandum to be taxable income and part of self-employment income

  • Auto mileage rates for 2019 issued by the IRS

  • A management company that managed a marijuana dispensary was subject to the deduction disallowance rules of §280E

  • A limited amount of additional information released by the IRS on excess loss and NOL rules under TCJA

An audio only version of this week’s podcast can be downloaded or streamed below:

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2018-12-24 Feeling Blue (Book) Over the Holidays Ed Zollars, CPA (Kaplan Professional Education)

Articles describing this week’s developments can be downloaded in the PDF below

2018-12-24 Current Federal Tax Developments